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3112 Old Forest Rd 8,457 SF Retail Building Lynchburg, VA 24501 $2,751,432 CAD ($325.34 CAD/SF) 6.05% Cap Rate
Investment Highlights
- 11,541 SF building Located in the Lynchburg area
- Spacious layout for retail ventures
- Convenient access to major thoroughfares and US-29
- Established commercial corridor
- High-traffic, retail-friendly location
- Prime opportunity for retail investors
Executive Summary
Rare opportunity to acquire a single tenant net leased asset occupied by O’Reilly Auto Parts with a new 10 year term, that’s positioned along the highly trafficked Old Forest Road corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,457 SF
Building Class
B
Year Built
1970
Price
$2,751,432 CAD
Price Per SF
$325.34 CAD
Cap Rate
6.05%
NOI
$166,462 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.04 AC
Zoning
B3
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 220-01-004 | Improvements Assessment | $1,354,469 CAD |
| Land Assessment | $721,876 CAD | Total Assessment | $2,076,345 CAD |
Property Taxes
Parcel Number
220-01-004
Land Assessment
$721,876 CAD
Improvements Assessment
$1,354,469 CAD
Total Assessment
$2,076,345 CAD
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3112 Old Forest Rd
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