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East End Plaza 17272 Kings Hwy 11,000 SF 100% Leased Retail Building Montross, VA 22520 $1,050,000 ($95.45/SF) 7.07% Cap Rate
Investment Highlights
- Price Reduction! Improved cap rate!
- Additional Income Stream – Includes a 3,500 SF rear building leased to a long-term machine shop tenant.
- 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.
Executive Summary
Coldwell Banker Commercial Brooks Real Estate is exclusively offering a stabilized retail shopping center with immediate value-add potential. Price recently reduced by $150,000.
100% Leased with Upside: Operating at an average rent of just $8.88/SF—over 30% below market (~$13/SF)—providing a clear path to rapid NOI growth through mark-to-market increases upon lease rollover.
Diversified Income: Includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, enhancing income stability and rent roll durability.
Prime Location: Strong visibility and frontage on Kings Highway in Montross, VA—the county seat of Westmoreland County and a key Northern Neck hub—benefiting from steady local demand and limited competing inventory.
Investor-Ready: Generates in-place cash flow today with built-in upside, ideal for investors targeting NOI expansion, yield compression, and long-term appreciation.
Drone video link below.
100% Leased with Upside: Operating at an average rent of just $8.88/SF—over 30% below market (~$13/SF)—providing a clear path to rapid NOI growth through mark-to-market increases upon lease rollover.
Diversified Income: Includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, enhancing income stability and rent roll durability.
Prime Location: Strong visibility and frontage on Kings Highway in Montross, VA—the county seat of Westmoreland County and a key Northern Neck hub—benefiting from steady local demand and limited competing inventory.
Investor-Ready: Generates in-place cash flow today with built-in upside, ideal for investors targeting NOI expansion, yield compression, 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
$1,050,000
Price Per SF
$95.45
Cap Rate
7.07%
NOI
$74,223
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 | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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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Videos
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East End Plaza | 17272 Kings Hwy
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