160-182 Capital Plz | Cedar Bluff, VA 24609
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- LoopNet Team
160-182 Capital Plz
Cedar Bluff, VA 24609
Claypool Hill Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- AutoZone Operates on a Long-Term Ground Lease Showing Commitment to the Site
- Merritt Therapy Has an Attractive 12.5% Rental Increase in Less Than 4 Years
- Value-Add Ability to Replace M-to-M Lynn’s Barn Star Primitive and Charge Market Rent of $9.20 Per SF (62.5% Rent Increase) on a New Long Term Lease
- Merritt Has Allocated Approximately $95k of Their Own Capital Into the Property Since They Signed Their Lease in 2019, Showing Strong Commitment
- Merritt Therapy Paying Well Below Market Rent of $4.88 Per Square Foot(Mkt Rent $9.20 Per Square Foot)
- Average Household Income of $62,844 Within a 3-Mile Radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.13 AC
Zoning
B - Business
PROPERTY TAXES
| Parcel Number | 125A401 000E | Improvements Assessment | $721,500 |
| Land Assessment | $492,200 | Total Assessment | $1,213,700 |
PROPERTY TAXES
Parcel Number
125A401 000E
Land Assessment
$492,200
Improvements Assessment
$721,500
Total Assessment
$1,213,700
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