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 TypeRetail
- Size23,940 SF
- Available23,940 SF
- Occupancy100%
- Built2000
- Total Acres~1.90 ac
Sale Details
- Walt7.50 Years
- Cap Rate6.25%
- NOI$125,000
- In-Place NOI$125,000
- In-Place Rents10
- Market Rents22
Documents
Property Address
Property Details
- Property TypeRetail
- Square Feet11,970 SF
- Available Space (SF)11,970 SF
- Occupancy100%
- Year Built2000
- Parking Ratio5.76
- Lease TypeNNN
- Gross Leasable Area11,970 SF
- Available GLA11,970 SF
- Frontage (ft)19 ft
- Traffic Count18,635 AADT
- Acres1.90
Property Details








Deal Team



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 TypeRetail
- Size23,940 SF
- Available23,940 SF
- Occupancy100%
- Built2000
- Total Acres~1.90 ac
Sale Details
- Walt7.50 Years
- Cap Rate6.25%
- NOI$125,000
- In-Place NOI$125,000
- In-Place Rents10
- Market Rents22
Documents
Property Address
Property Details
- Property TypeRetail
- Square Feet11,970 SF
- Available Space (SF)11,970 SF
- Occupancy100%
- Year Built2000
- Parking Ratio5.76
- Lease TypeNNN
- Gross Leasable Area11,970 SF
- Available GLA11,970 SF
- Frontage (ft)19 ft
- Traffic Count18,635 AADT
- Acres1.90
Property Details
Deal Team



