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East End Plaza 17272 Kings Hwy 7,256 SF 100% Leased Retail Building Montross, VA 22520 $1,050,000 ($144.71/SF) 7.07% Cap Rate
Investment Highlights
- 100% Leased Investment – Established tenants provide immediate in-place cash flow.
- Value-Add Potential – Opportunity to grow NOI through future mark-to-market rent increases as leases renew.
- Positioned in the Northern Neck for unrivaled access to the coastal charm of Kilmarnock, Irvington, White Stone, Lancaster, and Westmoreland Counties.
- Significant Rent Upside – Average rents of approximately $8.88/SF remain well below the estimated $13/SF market level.
- Additional Income Stream – Separate 3,500 SF rear building is leased to a long-term machine shop tenant.
Executive Summary
Fully leased and producing income today, East End Plaza offers investors a compelling combination of stable cash flow and future upside. Current average rents are approximately $8.88/SF compared with an estimated market rent of approximately $13/SF, creating an opportunity to increase NOI as leases renew and rents move toward market.
The property includes 7,500 SF of multi-tenant retail space plus a separate 3,500 SF rear building occupied by a long-term machine shop tenant, providing an additional and diversified income stream.
Located directly on Kings Highway in Montross, the county seat of Westmoreland County, the property benefits from strong visibility and a central location within Virginia's Northern Neck. This is an opportunity to acquire a 100% occupied investment with established income today and meaningful value-add potential for the future.
The property includes 7,500 SF of multi-tenant retail space plus a separate 3,500 SF rear building occupied by a long-term machine shop tenant, providing an additional and diversified income stream.
Located directly on Kings Highway in Montross, the county seat of Westmoreland County, the property benefits from strong visibility and a central location within Virginia's Northern Neck. This is an opportunity to acquire a 100% occupied investment with established income today and meaningful value-add potential for the future.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,256 SF
Building Class
C
Year Built
1989
Price
$1,050,000
Price Per SF
$144.71
Cap Rate
7.07%
NOI
$74,223
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.00 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
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
218
1,329
3,608
2030 Population
214
1,310
3,625
2025-2030 Projected Population Growth
-1.8%
-1.4%
0.5%
Median Age
52.1
51.9
49.7
College Degree + Higher
16%
16%
18%
Daytime Employees
607
1,580
1,850
Total Businesses
44
196
232
Average Household Income
$78,737
$78,220
$86,925
Median Household Income
$57,499
$57,419
$66,597
Total Consumer Spending
$2.6M
$16M
$45.5M
2025 Households
98
591
1,539
Average Home Value
$290,000
$297,833
$307,893
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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