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  • Property Type
    RetailProperty Type
  • Asking Price
    $2,000,000Asking Price
  • Cap Rate
    6.25%Cap Rate
  • In-Place NOI
    $125,000In-Place NOI
  • WALT
    7.50 YearsWALT
  • Occupancy
    100%Occupancy

Description

This single-tenant retail property, occupied by CVS, offers a compelling investment opportunity in Radford, VA. The 11,970 SF building, constructed in 2000, sits on a 1.90-acre parcel with excellent frontage along W Main Street and benefits from a traffic count of 18,635 vehicles per day. The site is fully leased to a creditworthy tenant with in-place rents of $10 PSF, significantly below the market average of $22 PSF, presenting a clear value-add opportunity upon lease renewal. The property is offered at a 6.25% cap rate, generating an in-place NOI of $125,000 annually.

Strategically...

Documents

Offering Summary

  • Asking Price
    $2,000,000
  • Price PSF
    $167
  • Price/Acre
    $1,052,632
  • Property Type
    Retail
  • Size
    23,940 SF
  • Available
    23,940 SF
  • Occupancy
    100%
  • Built
    2000
  • Total Acres
    ~1.90 ac

Sale Details

  • Walt
    7.50 Years
  • Cap Rate
    6.25%
  • NOI
    $125,000
  • In-Place NOI
    $125,000
  • In-Place Rents
    10
  • Market Rents
    22

Documents

Property Address

31 W Main Street
Radford, VA 24141

Property Details

  • Property Type
    Retail
  • Square Feet
    11,970 SF
  • Available Space (SF)
    11,970 SF
  • Occupancy
    100%
  • Year Built
    2000
  • Parking Ratio
    5.76
  • Lease Type
    NNN
  • Gross Leasable Area
    11,970 SF
  • Available GLA
    11,970 SF
  • Frontage (ft)
    19 ft
  • Traffic Count
    18,635 AADT
  • Acres
    1.90

Property Details

Deal Team

Chris Wiener profile image
Chris Wiener
Marketing & Transactions Manager Marketing & Transactions Manager
Marcus & Millichap
Jacob Haslach profile image
Jacob Haslach
Associate Investments Associate Investments
Marcus & Millichap
PA RE Lic. RS361617
Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
Marcus & Millichap
PA RE Lic. RS305854

Description

This single-tenant retail property, occupied by CVS, offers a compelling investment opportunity in Radford, VA. The 11,970 SF building, constructed in 2000, sits on a 1.90-acre parcel with excellent frontage along W Main Street and benefits from a traffic count of 18,635 vehicles per day. The site is fully leased to a creditworthy tenant with in-place rents of $10 PSF, significantly below the market average of $22 PSF, presenting a clear value-add opportunity upon lease renewal. The property is offered at a 6.25% cap rate, generating an in-place NOI of $125,000 annually.

Strategically...

Documents

Offering Summary

  • Asking Price
    $2,000,000
  • Price PSF
    $167
  • Price/Acre
    $1,052,632
  • Property Type
    Retail
  • Size
    23,940 SF
  • Available
    23,940 SF
  • Occupancy
    100%
  • Built
    2000
  • Total Acres
    ~1.90 ac

Sale Details

  • Walt
    7.50 Years
  • Cap Rate
    6.25%
  • NOI
    $125,000
  • In-Place NOI
    $125,000
  • In-Place Rents
    10
  • Market Rents
    22

Documents

Property Address

31 W Main Street
Radford, VA 24141

Property Details

  • Property Type
    Retail
  • Square Feet
    11,970 SF
  • Available Space (SF)
    11,970 SF
  • Occupancy
    100%
  • Year Built
    2000
  • Parking Ratio
    5.76
  • Lease Type
    NNN
  • Gross Leasable Area
    11,970 SF
  • Available GLA
    11,970 SF
  • Frontage (ft)
    19 ft
  • Traffic Count
    18,635 AADT
  • Acres
    1.90

Property Details

Deal Team

Chris Wiener profile image
Chris Wiener
Marketing & Transactions Manager Marketing & Transactions Manager
Marcus & Millichap
Jacob Haslach profile image
Jacob Haslach
Associate Investments Associate Investments
Marcus & Millichap
PA RE Lic. RS361617
Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
Marcus & Millichap
PA RE Lic. RS305854
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