Retail Investment with Two
For Sale
Contact for pricing
203-211 South Main Street, Amherst, VA 24521
A renovated 1964-built retail property leased to Family Dollar and Snap Fitness under NN terms.
Property Size12,080 SF
Lot Size0.87 Acres
Days on Market121
Property Features for 203-211 South Main Street
General Information
Standard status
Active
Size
12,080 SF
Lot size
0.87 Acres
Property subtype
Retail
Building Details
Year Built
1964
Year Renovated
2018
Tenancy
Multi
Listing Agency:
Trilogy Core LLC
Listed By:
Mark McLoone · License #TX 809405
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 6:58PM
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 Trilogy Core LLC
Investment Insights
Based on property information with market context.
This for-sale retail investment features a multi-tenant building totaling 12,080 square feet on 10.87 acres, built in 1964 and newly renovated in 2018. The property is leased to Family Dollar and Snap Fitness under a NN structure, with the landlord responsible for the roof, structure, and the parking lot.
The Family Dollar lease expires July 31, 2023 and includes (6) five-year options. Rent increases are 5% every five years, with a corporate guarantee from NASDAQ:DLTR. The Snap Fitness lease expires October 31, 2022, with (2) five-year options and 5% increases at each renewal period.
The surrounding tenant mix includes Fisher Auto Parts, First National Bank, Amherst Sheriff’s Office, Amherst Circuit Court, Amherst Fire Department, Blue Ridge Medical Center, Wells Fargo, CVS Pharmacy, and McDonald’s, among others.
The Family Dollar lease expires July 31, 2023 and includes (6) five-year options. Rent increases are 5% every five years, with a corporate guarantee from NASDAQ:DLTR. The Snap Fitness lease expires October 31, 2022, with (2) five-year options and 5% increases at each renewal period.
The surrounding tenant mix includes Fisher Auto Parts, First National Bank, Amherst Sheriff’s Office, Amherst Circuit Court, Amherst Fire Department, Blue Ridge Medical Center, Wells Fargo, CVS Pharmacy, and McDonald’s, among others.
Key Highlights
- 12,080 SF retail building on 0.87 acres in Amherst, VA, built in 1964 and newly renovated in 2018
- NN lease structure: landlord responsible for roof, structure, and the parking lot
- Family Dollar lease expires July 31, 2023 with (6) 5‑year options; 5% increases every 5 years and corporate guarantee (NASDAQ:DLTR)
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 33%
Groceries 33%
McDonald's
Dining
20,362 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
19,992 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
11,370 visits/mo
0.1 miles
Truist
Shops & Services
3,721 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,261 visits/mo
0.3 miles
Demographics for 24521, VA
9,902
Population
4,592
Households
2.2
Avg Household Size
48
Median Age
27%
College-Educated
84%
High-School Grad
217.1 sq mi
ZIP Area
46
Density / Sq Mi
$69,077
Median Household Income
$42,280
Median Earnings
$830
Median Rent
$233,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A renovated 1964-built retail property leased to Family Dollar and Snap Fitness under NN terms.
Where is this retail space located?
The property is located at 203-211 South Main Street Amherst, VA.
What are key features of this property?
This property features: 12,080 SF retail building on 0.87 acres in Amherst, VA, built in 1964 and newly renovated in 2018; NN lease structure: landlord responsible for roof, structure, and the parking lot; Family Dollar lease expires July 31, 2023 with (6) 5‑year options; 5% increases every 5 years and corporate guarantee (NASDAQ:DLTR)
