Family Dollar Investment
For Sale
Contact for pricing
Pending
35 Northumberland Hwy, Callao, VA 22435
NN leased Family Dollar with scheduled rental increases and options.
Property Size16,100 SF
Days on Market1008
Property Features for 35 Northumberland Hwy
General Information
Standard status
Pending
Size
16,100 SF
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #DC SP200204411
Source:
Crexi
Added: Oct 27, 2023
Changed: Jul 6
Last Checked: Jul 30 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This property features a Family Dollar store with over 7 years remaining on a 10-year lease, along with 5 (5-year) options to extend. The lease is corporate guaranteed by Family Dollar Stores of Virginia, LLC, and includes rental increases of $0.50/SF at the beginning of each option. The property is NN leased with fee simple ownership, offering limited landlord responsibilities, primarily for the roof, structure, and parking lot, as the tenant covers CAM, taxes, insurance, and most premises maintenance. The Family Dollar is strategically located off the signalized, hard corner intersection of Northumberland Hwy and Richmond Rd, which sees an average of 9,000 vehicles per day. The location offers excellent visibility via street frontage and multiple points of access. The 16,100 SF store underwent a renovation in 2023, converting it from a former grocery store to a large format Family Dollar. The store features multiple points of ingress and egress, ample parking, and new signage. It is conveniently located at a bus stop, across from a US Post Office, and next to the Callao Brewing Company in the center of town. The surrounding area supports the trade area with more than 12,000 residents and 3,200 employees. The average household income within a 3-mile radius is $82,876.
Key Highlights
- Corporate guaranteed lease by Family Dollar Stores of Virginia, LLC, providing a secure and reliable income stream.
- 7+ years remaining on the initial lease term with 5 (5‑year) options to extend, ensuring long‑term stability.
- Scheduled rental increases of $0.50/SF at the beginning of each option, offering potential for increased returns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Groceries 16%
Shell
Shops & Services
6,257 visits/mo
0.1 miles
Dollar Tree
Shops & Services
4,899 visits/mo
0.1 miles
Virginia ABC
Groceries
2,057 visits/mo
0.2 miles
Demographics for 22435, VA
2,124
Population
1,339
Households
1.6
Avg Household Size
49
Median Age
33%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
83
Density / Sq Mi
$63,000
Median Household Income
$37,729
Median Earnings
$729
Median Rent
$202,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- ATM (Stop In Food Stores) — 82 Northumberland Hwy, Callao, VA 22435
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NN leased Family Dollar with scheduled rental increases and options.
Where is this grocery and convenience store located?
The property is located at 35 Northumberland Hwy Callao, VA.
What is the asking price?
The asking price for this property is $1,610,000.
What are key features of this property?
This property features: Corporate guaranteed lease by Family Dollar Stores of Virginia, LLC, providing a secure and reliable income stream.; 7+ years remaining on the initial lease term with 5 (5‑year) options to extend, ensuring long‑term stability.; Scheduled rental increases of $0.50/SF at the beginning of each option, offering potential for increased returns.
