Family Dollar for Sale in Callao, VA
Callao, VA
Key Investment Metrics
Price
$1,610,000
Cap Rate
7.0%
Net Operating Income
$112,700
Building Size
16100 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
AI illustration · Not the listed propertyProperty overview
Family Dollar in Callao
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 16,100 SF
- Land area
- 1.64 acres
- Year built
- 1960
- Lease type
- NN
- Lease expiration
- 03/31/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.