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FAMILY DOLLAR 216 Park Ave NE 8,320 SF Retail Building Wise, VA 24293 $1,587,501 ($190.81/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed lease from Family Dollar who is an investment grade tenant (BBB)
- Six, 5-year options remaining with 10% rent increases in each option
- Receives Great Frontage to Park Ave NE, which sees average traffic counts of ±11,000 VPD
- NN+ Lease Structure with minimal Landlord Responsibilities
- College Town to campus of UVA-Wise
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. No. 226035518 (VA)
(866) 899-0550
Matthews Real Estate Investment Services Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. No. 226035518 (VA)
(866) 899-0550
Matthews Real Estate Investment Services Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$1,587,501
Price Per SF
$190.81
Cap Rate
8%
NOI
$127,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Opportunity Zone
Yes
Frontage
249’ on Park Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $509,000 | |
| Land Assessment | $270,000 | Total Assessment | $779,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$270,000
Improvements Assessment
$509,000
Total Assessment
$779,000
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FAMILY DOLLAR | 216 Park Ave NE
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