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450 Mall Dr 6,530 SF 100% Leased Retail Building Danville, VA 24540 $5,826,838 CAD ($892.32 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Investment opportunity with National Retailer tenant mix.
- Highly visible at Piedmont Drive close to Mt Cross Road.
- 100% Occupied with Triple net leases tenants.
EXECUTIVE SUMMARY
Available Individually or as a Portfolio. 450 Mall Drive is a 13,060 SF Multitenant retail building located on highly visible Piedmont Drive close to Mt Cross Road. The property can be purchased by itself or as a portfolio. Great investment opportunity with premium national retailer tenant mix and triple net leases.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,530 SF
Building Class
B
Year Built
2017
Price
$5,826,838 CAD
Price Per SF
$892.32 CAD
Cap Rate
6.25%
NOI
$364,212 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.85 AC
Zoning
PSC - Planned Shopping Center-Commercial
Parking
47 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60567 | Improvements Assessment | $2,298,322 CAD |
| Land Assessment | $209,118 CAD | Total Assessment | $2,507,440 CAD |
PROPERTY TAXES
Parcel Number
60567
Land Assessment
$209,118 CAD
Improvements Assessment
$2,298,322 CAD
Total Assessment
$2,507,440 CAD
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450 Mall Dr
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