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    Established Family Dollar Store Investment Title is generated by Realmo AI

    35 Northumberland Hwy, Callao, VA

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    Family Dollar store with long-term lease and renewal options.

    Type:RETAIL
    Property size:
    16,100 SF
    Lot size:
    1.64 Acres
    Price / SF:
    $100/SF
    Added:
    May 14, 2025
    Days on Market:
    394
    Last Refresh:
    May 20 at 8:43 pm

    Property Features for 35 Northumberland Hwy

    General Information

    Standard status
    Active
    Size
    16,100 SF
    Lot size
    1.64 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Andrew Fallon
    Andrew Fallon

    Listing agent Andrew Fallon

    Listing office SRS Real Estate Partners | McLean

    Listing date May 14, 2025

    Source Moodyscre

    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

    HighLights

    • Long‑term lease: Enjoy 8+ years remaining on the initial term, with 5 (5‑year) options to extend.
    • Corporate lease: Signed by Family Dollar Stores of Virginia, LLC.
    • Low rent: Occupancy cost of $7.00/SF.
    • Rental increases: Benefit from $0.50/SF increases at the beginning of each option period.
    • Tenant responsibility: Tenant pays for CAM, taxes, insurance, and maintains most of the premises.
    • Low‑management investment: Landlord responsibilities limited to roof, structure, and parking lot.

    Overview

    This property features a Family Dollar store with over 8 years remaining on an initial 10-year lease. The lease includes 5 options to extend for 5 years each, reflecting the tenant's long-term commitment. The lease is corporate signed by Family Dollar Stores of Virginia, LLC. Rent increases by $0.50 per square foot at the beginning of each option period. The property offers a low rent occupancy cost, with rent at $7.00 per square foot. The tenant is responsible for CAM, taxes, insurance, and most maintenance of the premises. Landlord responsibilities are limited to the roof, structure, and parking lot. This property is an ideal, low-management investment opportunity for a passive investor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Callao
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.5593
    Latitude
    37.9693

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    FAQs

    What type of property is this?
    Storefront property - Family Dollar store with long-term lease and renewal options.
    Where is this storefront property 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: Long‑term lease: Enjoy 8+ years remaining on the initial term, with 5 (5‑year) options to extend.; Corporate lease: Signed by Family Dollar Stores of Virginia, LLC.; Low rent: Occupancy cost of $7.00/SF.
    (202) 286-1542 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Fallon
    Andrew Fallon
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