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3112 Old Forest Rd 8,457 SF Retail Building Lynchburg, VA 24501 $2,437,740 CAD ($288.25 CAD/SF) 5.50% 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
Attractive In-Place Yield with Built-In Rental Growth: The offering is priced based on the tenant's current rental rate, providing an attractive going-in capitalization rate with meaningful upside. The newly executed 10-year lease featuring 10% rent increases every five years, creating income growth and enhanced long-term investment return
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,457 SF
Building Class
B
Year Built
1970
Price
$2,437,740 CAD
Price Per SF
$288.25 CAD
Cap Rate
5.50%
NOI
$134,076 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 | $1,360,898 CAD |
| Land Assessment | $725,302 CAD | Total Assessment | $2,086,200 CAD |
Property Taxes
Parcel Number
220-01-004
Land Assessment
$725,302 CAD
Improvements Assessment
$1,360,898 CAD
Total Assessment
$2,086,200 CAD
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3112 Old Forest Rd
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