Cap Rate
8%
Tot. SF
11,278
2141 South Crater Road, Petersburg, VA, 23805
Dollar Tree$1,288,512
Key Information
Year Built
2020
Term Remaining
±7 YRS
Type
Retail
NOI
$103,080
Highlights
- 2020 Renovation to Suit for Dollar Tree
- Extremely strong corporately guaranteed lease
- Five mile population in excess of 73,725
- Traffic Counts on S. Crater Rd exceeding 23,530 VPD
- Nearby national tenants include McDonalds, Autozone, CVS, NTB, Food Lion, 7-Eleven, Hardees, and Wendy’s
- Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
- Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales / profitability
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
B
Brett BaumgartnerLicense # 701324 (TX)
S
Scotty LatimerLicense # 790608 (TX)
Broker of Record
Kyle Matthews
License # 226035518 (VA)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203