116 Jessie Dupont Memorial Hwy Heathsville, VA 22473
NNN leased Family Dollar with over 7 years remaining.
Type:Retail
Property size:
10,532 SFPrice / SF:
$151/SF- Added:
- Oct 23, 2023
- Days on Market:
- 920
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 116 Jessie Dupont Memorial Hwy
General Information
- Standard status
- Active
- Size
- 10,532 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Andrew Fallon License #VA 0225193951
Listing office SRS Real Estate Partners McLean
Listing date Oct 23, 2023
Source Crexi
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
Overview
Family Dollar Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Heathsville
- County
- Northumberland
- State
- Virginia
- Longitude
- -76.369683
- Latitude
- 37.843113
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Family Dollar with over 7 years remaining.
Where is this grocery and convenience store located?
The property is located at 116 Jessie Dupont Memorial Hwy Heathsville, VA.
What is the asking price?
The asking price for this property is $1,596,000.
What are key features of this property?
This property features: Corporate guaranteed lease by Family Dollar Stores of Virginia, Inc.; New 2023 build‑to‑suit construction.; Over 7 years remaining on the initial lease term with options to extend for an additional 15 years.
