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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
Jacob Haslach profile image
Jacob Haslach
Associate Investments Associate Investments
PA RE Lic. RS361617
Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
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
Jacob Haslach profile image
Jacob Haslach
Associate Investments Associate Investments
PA RE Lic. RS361617
Derrick Dougherty profile image
Derrick Dougherty
Senior Managing Director Investments Senior Managing Director Investments
PA RE Lic. RS305854
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