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158 New Market Rd 4,000 SF 100% Leased Retail Building Timberville, VA 22853 $1,630,856 ($407.71/SF) 6.75% Cap Rate
Investment Highlights
- Multi-Tenant Walmart Shadow | 4,000 SF Outparcel | 2017 Construction
- NNN Leases | TICAM Reimbursements | Minimal Landlord Obligations
- Nearby New Developments: Walmart Fuel Station & Roxbury Subdivision (84-Units)
- Two (2) Tenants | 100% Occupied | Virginia ABC Store | Verizon
- Passive Investment | WALT: 6.26 Years | Annual Rent Increases | Both Tenants
- Verizon Recently Exercised 10 Years
Executive Summary
The center is 100% occupied by two nationally recognized tenants: Virginia ABC and Verizon Wireless. Both operate under NNN lease structures with full TICAM reimbursements, ensuring minimal landlord responsibilities and predictable cash flow. Verizon recently demonstrated its commitment to the location by exercising a 10-year renewal, while both tenants benefit from annual rent increases, supporting long-term NOI growth. With a strong WALT of 6.26 years, the asset offers durable income backed by creditworthy tenancy.
Strategically positioned within a Walmart-anchored shopping center, the property captures a broad 10-mile trade area and benefits from consistent daily traffic generated by the region’s dominant retail destination. The immediate area continues to expand, with new developments including the Walmart Fuel Station and the 84-unit Roxbury Subdivision, further strengthening consumer demand and long-term viability.
Property Facts
Major Tenants Click Here to Access
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Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
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Virginia ABC began in 1934 as Virginia's alcoholic beverage control agency and now operates as an independent authority within the Commonwealth. Virginia ABC oversees the sale, transportation, distribution, and delivery of alcoholic beverages while also administering licensing, enforcement, and alcohol education programs. The company runs a statewide retail network for distilled spirits and supports online ordering, store pickup, and product shipping to selected stores. Virginia ABC also serves as a major revenue source for the Commonwealth by channeling profits and tax collections into public programs and the general fund.
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Property Taxes
| Parcel Number | 40A3-24-L1 | Improvements Assessment | $442,600 |
| Land Assessment | $150,000 | Total Assessment | $592,600 |
Property Taxes
Contact the Sale Advisor
158 New Market Rd