Single-Tenant NNN Retail
For Sale
Contact for pricing
22 Main St, New Castle, VA 24127
Family Dollar occupies the building under a corporate-backed NNN lease with limited landlord obligations.
Property Size8,050 SF
Lot Size0.50 Acres
Days on Market131
Property Features for 22 Main St
General Information
Standard status
Active
Size
8,050 SF
Lot size
0.50 Acres
Property subtype
Retail
Additional Details
Traffic Count
4,200 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Mike Banwell · License #CA 02045460
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 30 at 4:24AM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This single-tenant NNN retail property contains an approximately 8,050-square-foot building on a 0.5-acre lot. Family Dollar operates at the site under a corporate guarantee, with 17 years of operating history at this location and limited landlord responsibility under the lease structure.
The property fronts Main Street in New Castle, VA, at the intersection of Virginia State Route 43 and Route 311. The location records exposure to approximately 4,200 cars per day and serves a population of approximately 7,700 residents within a 10-mile radius. It is positioned about 20 miles north of the Roanoke MSA.
The current lease has five years remaining on the second extension, followed by three additional 5-year extension options. Scheduled rental increases are included during the remaining term and options.
The property fronts Main Street in New Castle, VA, at the intersection of Virginia State Route 43 and Route 311. The location records exposure to approximately 4,200 cars per day and serves a population of approximately 7,700 residents within a 10-mile radius. It is positioned about 20 miles north of the Roanoke MSA.
The current lease has five years remaining on the second extension, followed by three additional 5-year extension options. Scheduled rental increases are included during the remaining term and options.
Key Highlights
- 8,050‑square‑foot single‑tenant retail building
- 0.5‑acre lot fronting Main Street
- NNN lease backed by a corporate guarantee
Property Analytics
Current Use
Lease Details
4,200 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 24127, VA
3,980
Population
1,962
Households
2
Avg Household Size
47
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
18
Density / Sq Mi
$59,115
Median Household Income
$48,320
Median Earnings
$728
Median Rent
$179,300
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?
NNN property - Family Dollar occupies the building under a corporate-backed NNN lease with limited landlord obligations.
Where is this nnn property located?
The property is located at 22 Main St New Castle, VA.
What are key features of this property?
This property features: 8,050‑square‑foot single‑tenant retail building; 0.5‑acre lot fronting Main Street; NNN lease backed by a corporate guarantee
