Family Dollar - Net Lease Property for Sale
Callao, VA
Key Investment Metrics
Price
$1,610,000
Cap Rate
7.0%
Net Operating Income
$112,700
Building Size
16100 SF
Lot Size
16,100 SF
Land Area
1.64 Acres
Remaining Term
6.7 years
Lease Expiration
03/31/2033
Lease Term
10 years
Lease Commencement
04/01/2023
Lease Type
NN
Year Built
1960
Occupancy
100%
Tenancy
Single
Rent Increases
$0.50/SF Beg. of Each Option
About This Family Dollar Net Lease Property
This Family Dollar NNN (triple net lease) property is located in Callao, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 16100 square feet of building space and was built in 1960.
With a cap rate of 7.0%, this Family Dollar net lease property offers stable income potential. The asking price is $1,610,000, making it an attractive option for 1031 exchange investors seeking quality Family Dollar commercial properties.
Why Invest in Family Dollar NNN Properties?
- Stable Income: Family Dollar net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Family Dollar is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Callao, VA Market Overview
Located in Callao, VA, this Family Dollar property benefits from strong local demographics and market fundamentals. The Callao area offers excellent visibility and accessibility, making it an ideal location for Family Dollar operations and a solid investment for net lease property buyers.