Marcus and Millichap is please to present this Family Dollar Single Tenant NNN Leased Investment with minimal landlord responsibility located in Meadows of Dan, VA. Strategically placed on US Route 58 the subject property has outstanding visibility and exposure to over ±8,900 cars per day with a population density of ±8,400 residents within a 10-mile radius.
The ±8,320 square-foot building sits on 1.55 acres lot fronting Jeb Stuart Hwy centrally located within the unincorporated community of Meadows of Dan just over 51 miles east of Wytheville (population 8,200) and about 55 miles south of The Roanoke MSA (population 315,000+), the most populous area in Virginia west of the state capital Richmond. The property has minimal local competition with only one other national brand nearby.
The subject property is backed by a corporate guarantee and 7 years of operating history at the location. Family Dollar has six 5-year options to extend with scheduled rental increases.