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East End Plaza 17272 Kings Hwy 11,000 SF 100% Leased Retail Building Montross, VA 22520 $1,200,000 ($109.09/SF)
INVESTMENT HIGHLIGHTS
- 100% Leased with Immediate Upside – Current average rents of $8.88/SF are well below the market rate of $13/SF, offering strong value-add potential.
- Prime Location – Positioned on Kings Highway in Montross, VA, the historic Northern Neck and county seat of Westmoreland County.
- Additional Income Stream – Includes a 3,500 SF rear building leased to a long-term machine shop tenant.
EXECUTIVE SUMMARY
Coldwell Banker Commercial Brooks Real Estate is exclusively offering a stabilized retail asset with immediate value-add upside. This 100% leased center is currently operating at an average rent of just $8.88/SF—over 30% below prevailing market rents of approximately $13/SF, creating a clear and executable path to rapid NOI growth through mark-to-market rent increases upon lease rollover.
The property also includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, adding diversified income and durability to the rent roll.
Strategically positioned with strong visibility and frontage on Kings Highway in Montross, VA, the county seat of Westmoreland County and a key hub in the Northern Neck, this asset benefits from consistent local demand and limited competing inventory.
This offering delivers in-place cash flow today with built-in upside tomorrow, making it an ideal acquisition for investors seeking yield compression, NOI expansion, and long-term appreciation.
Drone video link below.
The property also includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, adding diversified income and durability to the rent roll.
Strategically positioned with strong visibility and frontage on Kings Highway in Montross, VA, the county seat of Westmoreland County and a key hub in the Northern Neck, this asset benefits from consistent local demand and limited competing inventory.
This offering delivers in-place cash flow today with built-in upside tomorrow, making it an ideal acquisition for investors seeking yield compression, NOI expansion, and long-term appreciation.
Drone video link below.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
11,000 SF
Building Class
C
Year Built
1989
Price
$1,200,000
Price Per SF
$109.09
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.20 AC
Zoning
B-2 - Commercial and Industrial
Parking
30 Spaces (2.73 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Machine Shop
- -
-
99,999 SF
-
$9.99
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Machine Shop | - | 99,999 SF | $9.99 | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $302,000 | |
| Land Assessment | $119,400 | Total Assessment | $421,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$119,400
Improvements Assessment
$302,000
Total Assessment
$421,400
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East End Plaza | 17272 Kings Hwy
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