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1380 E Main St
Wytheville, VA 24382
Retail Property For Sale
Investment Highlights
- Grocery-anchored center with 45+ years of Food Lion tenancy, $10.2M sales, and long-term Ahold-backed lease through 2055
- CVS generates nearly $10M in annual sales, highlighting strong secondary-market demand
- 100% occupied with contractual rent growth built into every major lease, providing NOI increases without re-leasing risk
- Three national tenants drive 72%+ of rent, providing diversified, recession-resistant income
- Tractor Supply extended through 2037 with a $200K capital investment, signaling long-term commitment
- Prime location at the I-81 / I-77 crossroads capturing major regional traffic.
Executive Summary
The Twist Capital Team of Colliers is pleased to present for sale LeHy Plaza Shopping Center, a rare grocery anchored retail center totaling 87,964 square feet on 9.196 acres located at the intersection of Interstate 81 and Interstate 77 in Wytheville, Virginia. Well located grocery anchored centers with proven anchor sales performance and national credit tenancy continue to be among the most aggressively pursued assets in retail investment, and LeHy Plaza delivers on every metric that institutional and private capital is competing for.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
38,000 SF
Year Built
1981
Price
$8,060,550
Price Per SF
$212.12
Cap Rate
6.50%
NOI
$523,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
10.39 AC
Property Taxes
| Parcel Number | 041A-001-0000-0125A | Improvements Assessment | $4,373,300 |
| Land Assessment | $1,415,700 | Total Assessment | $5,789,000 |
Property Taxes
Parcel Number
041A-001-0000-0125A
Land Assessment
$1,415,700
Improvements Assessment
$4,373,300
Total Assessment
$5,789,000
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