129 Goldwing Dr - Storage Depot - Tazewell, VA 15,000 SF Specialty Building Offered at $1,201,558 CAD at a 8.70% Cap Rate in North Tazewell, VA 24630

Income Growth Potential – Many of the current tenants are below the street rates, with additional upside through increasing tenant insurance income, which currently totals $1,288 annually.
Strong Yield - The property offers an attractive going-in cap rate of 8.67%, based on annualized T-8 income. Operating income has remained consistent over the past eight months, while occupancy has steadily improved and currently exceeds 90%.
Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property.
Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month.
Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce.
National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.