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2665 Hull St
Richmond, VA 23224
Asking Price
$1.81M
Cap Rate
7%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
ABSOLUTE NNN | 10% RENT INCREASE IN 2027 <ul><li>10% Rental Increase in October 2027</li><li>Top 19% Family Dollar in Virginia / Top 30% Nationwide (Placer.ai)</li><li>Absolute NNN Lease – Zero Landlord Responsibilities</li><li>Six, 5-year Options with 10% Rental Increases</li><li>Positioned in a dense residential neighborhood 2 miles from downtown Richmond</li><li>Over 110,000 residents and average household income of $86,000 within 5 miles</li><li>Located on Hull Street, a major Southside state highway (20,000+ VPD)</li><li>M
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NOI
$80,000
Cap Rate
4.41%
DSCR
0.74
Underwater
Cash-on-Cash
-5.10%
Monthly Payment
$8,979.63
Annual Cash Flow
$-27,755.556
