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FAMILY DOLLAR 216 Park Ave NE 8,320 SF Retail Building Wise, VA 24293 $2,206,610 CAD ($265.22 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed lease from Family Dollar who is an investment grade tenant (BBB)
- Six, 5-year options remaining with 10% rent increases in each option
- Receives Great Frontage to Park Ave NE, which sees average traffic counts of ±11,000 VPD
- NN+ Lease Structure with minimal Landlord Responsibilities
- College Town to campus of UVA-Wise
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. No. 226035518 (VA)
(866) 899-0550
Matthews Real Estate Investment Services Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. No. 226035518 (VA)
(866) 899-0550
Matthews Real Estate Investment Services Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$2,206,610 CAD
Price Per SF
$265.22 CAD
Cap Rate
8%
NOI
$176,529 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Opportunity Zone
Yes
Frontage
249’ on Park Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $698,190 CAD | |
| Land Assessment | $370,356 CAD | Total Assessment | $1,068,547 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$370,356 CAD
Improvements Assessment
$698,190 CAD
Total Assessment
$1,068,547 CAD
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FAMILY DOLLAR | 216 Park Ave NE
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