Absolute NNN Retail
2665 Hull St Richmond, VA 23224
New
2665 Hull St, Richmond, VA, 23224
$1,765,000
For Sale
$1,765,000
Absolute NNN retail storefront leased to Family Dollar at 2665 Hull St in Richmond, VA.
Property Size8,320 SF
Price / SF$212.14
Days on Market6
Property Features for 2665 Hull St
General Information
- Standard status
- Active
- Size
- 8,320 SF
- Property subtype
- Discount
Listing agency
(415) 625-2102
Listed by
Beckett Cole · License #License(s): CA: 02111552
(415) 625-2102
Source
Marcusmillichap
Added: Jul 17 Updated: Jul 21 at 3:55PM Checked: Jul 21 at 3:55PM
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 Beckett Cole
Investment Insights
Based on property information with market context.
This absolute NNN retail storefront is leased to Family Dollar and offered for sale on a for-sale basis. The property is identified as a specialty/retail space within the provided asset information.
The building is located at 2665 Hull St in Richmond, VA 23224. The public remarks also cite a 7.20% return, and the list price and property size are provided in the listing data.
Additional details such as specific building improvements, unit configuration, and parking or access features were not included in the provided information, so they are not described here.
The building is located at 2665 Hull St in Richmond, VA 23224. The public remarks also cite a 7.20% return, and the list price and property size are provided in the listing data.
Additional details such as specific building improvements, unit configuration, and parking or access features were not included in the provided information, so they are not described here.
Key Highlights
- Absolute NNN retail storefront leased to Family Dollar
- Located at 2665 Hull St in Richmond, VA
- Stated 7.20% (absolute NNN)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.8k | $17.04 |
| − Vacancy | −$12.1k | −$1.45 |
| EGI | $129.7k | $15.59 |
| − OpEx | −$38.9k | −$4.68 |
| NOI | $90.8k | $10.91 |
8,320 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,805 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,554 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN retail storefront leased to Family Dollar at 2665 Hull St in Richmond, VA.
Where is this nnn property located?
The property is located at 2665 Hull St Richmond, VA.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Absolute NNN retail storefront leased to Family Dollar; Located at 2665 Hull St in Richmond, VA; Stated 7.20% (absolute NNN)
