•	6+ years remaining on a 10-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
•	The lease is corporate signed by Family Dollar Stores of Virgina, LLC
•	$0.50/SF rental increases at the beginning of each option
•	Low rent occupancy cost with rent of $7.00/SF

Offering Memorandum

•	Family Dollar is strategically located off the signalized, hard corner intersection of Northumberland Hwy and Richmond Rd averaging
9,000 VPD
•	Limited competition as there are only a few discount stores serving the immediate trade area
•	The asset has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
•	2023 renovation of a former grocery store, featuring Family Dollar merchandise
•	Large format store allowing for wide range of inventory with emphasis on more grocery aisles, drink coolers, and freezer section
•	Multiple points of ingress & egress, with ample parking, and new signage has great visibility from signalized intersection
•	Conveniently located at a bus stop, across from US Post Office, and next to the Callao Brewing Company in the center of town
•	More than 12,000 residents and 3,200 employees support the trade area
•	$82,876 average household income within a 3-mile radius

Callao, VA - Family Dollar

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Lana Caravello

Sr Operations Transaction Analyst

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Demographics	3 Miles	5 Miles	10 Miles
Population	2,556	5,011	12,676
Average Household Income	$82,876	$83,722	$84,899

Traffic Counts
Northumberland Hwy	9,000 VPD
Hampton Hall Rd	3,800 VPD
State Hwy 3	6,700 VPD

Investment Offering

Callao, VA - Family Dollar

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Andrew Fallon

Philip Wellde