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ARKO 4623 S Amherst Hwy 1,922 SF Retail Building Madison Heights, VA 24572 $2,221,987 CAD ($1,156.08 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term, 12-Year Triple-Net (NNN) Lease
- Attractive Rental Increases
- Corporate Guarantee
- Dense Retail Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an ARKO located at 4623 S Amherst Hwy, Madison Heights, VA 24572. The site consists of roughly 1,922 rentable square feet of building space on an estimated 0.845-acre parcel of land. This ARKO is subject to a 12-year Triple Net (NNN) lease, which commenced 6/21/2023. The current annual rent is $100,830 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,922 SF
Building Class
C
Year Built
1983
Price
$2,221,987 CAD
Price Per SF
$1,156.08 CAD
Cap Rate
6.25%
NOI
$138,874 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.85 AC
Zoning
B2
Frontage
125’ on U.S. 29 Business
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 155B-A-17 | Improvements Assessment | $325,734 CAD |
| Land Assessment | $228,083 CAD | Total Assessment | $553,816 CAD |
PROPERTY TAXES
Parcel Number
155B-A-17
Land Assessment
$228,083 CAD
Improvements Assessment
$325,734 CAD
Total Assessment
$553,816 CAD
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ARKO | 4623 S Amherst Hwy
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