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Hybla Valley Center 7848-7868 Richmond Hwy 23,850 SF 100% Leased Retail Building Alexandria, VA 22306 $7,597,800 CAD ($318.57 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 Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,850 SF
Building Class
C
Year Built
1973
Price
$7,597,800 CAD
Price Per SF
$318.57 CAD
Cap Rate
9%
NOI
$683,802 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 | $2,443,818 CAD |
| Land Assessment | $3,685,256 CAD | Total Assessment | $6,129,075 CAD |
Property Taxes
Parcel Number
1012-06-0513
Land Assessment
$3,685,256 CAD
Improvements Assessment
$2,443,818 CAD
Total Assessment
$6,129,075 CAD
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Hybla Valley Center | 7848-7868 Richmond Hwy
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