1847 Boydton Plank Rd Petersburg, VA 23805

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 1847 Boydton Plank Rd, Petersburg, VA 23805, within the Richmond MSA. Built in 2021 on a 0.95-acre lot, this property boasts a 6.5-year remaining lease term (expiring 01/31/2031, commencing 02/01/2021) with six, five-year options, each including a 5% rent increase. The property generates a strong net operating income (NOI) of $129,792, yielding a compelling 7.85% cap rate at an asking price of $1,653,401. The tenant, Family Dollar (a subsidiary of Dollar Tree), is an investment-grade credit tenant with a corporate guarantee, providing significant financial stability. The store benefits from a prime location with high visibility, situated off I-85, experiencing approximately 58,000 vehicles per day, and serving a 5-mile population exceeding 48,090 residents with an average household income exceeding $77,593. The property features the newest Family Dollar interior model, enhancing perishable goods offerings. A roof warranty extends through March 2030. This is a rare opportunity to acquire a well-performing, low-risk retail investment with substantial upside potential.