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220 South St 7,520 SF 100% Leased Retail Building Front Royal, VA 22630 $2,740,715 CAD ($364.46 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Encompassing one retail building leased to Jiffy Lube with an on-site car wash
- 3.5 years remaining on current lease
- High visibility location along South Street in Front Royal
- Approximately 2,610 SF on 0.94 acres
- New owner can operate car wash
- Surrounded by national retailers, service businesses, and residential neighborhoods
Executive Summary
This investment opportunity features a single-tenant retail building leased to Jiffy Lube, complemented by an on-site car wash situated on a generous 0.94-acre parcel. The ±2,610 square foot building benefits from a highly visible location along South Street, offering strong exposure and convenient access to U.S. Route 340.
The property is currently leased with approximately 3.5 years remaining, providing in-place income with near-term upside. A new owner has the opportunity to operate the existing car wash, creating additional revenue potential.
The property is currently leased with approximately 3.5 years remaining, providing in-place income with near-term upside. A new owner has the opportunity to operate the existing car wash, creating additional revenue potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,520 SF
Building Class
B
Year Built
1998
Price
$2,740,715 CAD
Price Per SF
$364.46 CAD
Cap Rate
7.25%
NOI
$198,702 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.64 AC
Zoning
C1 - Neighborhood Commercial, intended for convenience shopping and small-scale businesses within residential areas
Parking
22 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20A814-4-18 | Improvements Assessment | $564,644 CAD |
| Land Assessment | $674,345 CAD | Total Assessment | $1,238,990 CAD |
Property Taxes
Parcel Number
20A814-4-18
Land Assessment
$674,345 CAD
Improvements Assessment
$564,644 CAD
Total Assessment
$1,238,990 CAD
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220 South St
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