116 Jessie Dupont Memorial Hwy, Heathsville, VA 22473

This property features a Family Dollar store with over 7 years remaining on a 10-year lease, with options to extend for three 5-year periods. The lease is corporate-signed by Family Dollar Stores of Virginia, Inc., and includes 5% rental increases at the beginning of each option period. The rent is $10.60 per square foot. Constructed in 2023, the building benefits from new components and systems. Landlord responsibilities are limited to the roof, structure, and parking lot, making it an ideal, low-management investment. The property fronts Jesse Dupont Memorial Hwy, which averages 5,800 vehicles per day, and offers excellent visibility and multiple access points. There is limited competition, with only two discount stores in the surrounding trade area. The store is located in Burgess, 12 miles north of Kilmarnock, Virginia, a popular weekend destination. The Northern Neck is approximately 2.5 hours south of Washington, DC, and 1.5 hours east of Richmond, attracting visitors for coastal dining and outdoor activities. Within a 10-mile trade area, there are over 9,000 residents and 2,400 employees. The average household income within a 3-mile radius is $101,685. The property is 5 miles from Reedville, VA, home to the fishing industry for Atlantic menhaden. The building has 10,532 square feet.