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Hybla Valley Center 7848-7868 Richmond Hwy 23,850 SF 100% Leased Retail Building Alexandria, VA 22306 $7,458,480 CAD ($312.72 CAD/SF) 9% Cap Rate
Executive Summary
This fully leased property is ready for the buyer who is looking for a better cash return than your normal investment property. Nine of the 10 tenants have been there over 15 years and most of them have recently signed new 5 year renewals. The 10th and largest tenant (Sunset Banquet Hall) has a long term lease through 2039 and has spent upwards of $750k to improve the space for their use.
For more information beyond the sales package attached, contact us for the Non-Disclosure Agreement and we can provide you with more details.
For more information beyond the sales package attached, contact us for the Non-Disclosure Agreement and we can provide you with more details.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,850 SF
Building Class
C
Year Built
1973
Price
$7,458,480 CAD
Price Per SF
$312.72 CAD
Cap Rate
9%
NOI
$671,263 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.86 AC
Opportunity Zone
Yes
Zoning
C-8
Parking
120 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
86’ on Richmond Hwy
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sunset Banquet
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sunset Banquet | Services | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1012-06-0513 | Improvements Assessment | $2,389,662 CAD |
| Land Assessment | $3,603,589 CAD | Total Assessment | $5,993,251 CAD |
Property Taxes
Parcel Number
1012-06-0513
Land Assessment
$3,603,589 CAD
Improvements Assessment
$2,389,662 CAD
Total Assessment
$5,993,251 CAD
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Hybla Valley Center | 7848-7868 Richmond Hwy
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