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145 Commonwealth Ave
Wytheville, VA 24382
Ruby Tuesday · Retail Property For Sale
Investment Highlights
- Premier Interstate Location | I-77 & I-81 Convergence: The Property is strategically positioned at the convergence of Interstates 77 and 81
- Attractive Rent Growth | 2% Annual Increases: The lease includes fixed 2% annual rent escalations, ensuring steady income growth
- Stable, Highway-Driven Demand: Wytheville’s location along key interstate routes makes it a natural stopping point for regional
- Absolute NNN Lease | Corporate Guarantee: The Property is secured by an absolute triple-net (NNN) lease, eliminating landlord responsibilities
- Outparcel to Wytheville Commons | Dominant Regional Retail Hub: The Property is an outparcel to Wytheville Commons
- Strong Retail & Hospitality Synergy: The Property benefits from a dense cluster of national retailers and nearby hotels
Executive Summary
Broker of Record
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,696 SF
Building Class
C
Year Built
2001
Price
$3,823,242 CAD
Price Per SF
$814.15 CAD
Cap Rate
7.12%
NOI
$272,215 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.26 AC
Property Taxes
| Parcel Number | 041A-079-0000-0006 | Improvements Assessment | $1,402,087 CAD |
| Land Assessment | $667,747 CAD | Total Assessment | $2,069,834 CAD |
Property Taxes
Parcel Number
041A-079-0000-0006
Land Assessment
$667,747 CAD
Improvements Assessment
$1,402,087 CAD
Total Assessment
$2,069,834 CAD
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