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3112 Old Forest Rd 8,457 SF Retail Building Lynchburg, VA 24501 $1,752,761 ($207.26/SF) 5.50% Cap Rate
Investment Highlights
- 11,541 SF building Located in the Lynchburg area
- Spacious layout for retail ventures
- Convenient access to major thoroughfares and US-29
- Established commercial corridor
- High-traffic, retail-friendly location
- Prime opportunity for retail investors
Executive Summary
Attractive In-Place Yield with Built-In Rental Growth: The offering is priced based on the tenant's current rental rate, providing an attractive going-in capitalization rate with meaningful upside. The newly executed 10-year lease featuring 10% rent increases every five years, creating income growth and enhanced long-term investment return
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,457 SF
Building Class
B
Year Built
1970
Price
$1,752,761
Price Per SF
$207.26
Cap Rate
5.50%
NOI
$96,402
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.04 AC
Zoning
B3
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 220-01-004 | Improvements Assessment | $978,500 |
| Land Assessment | $521,500 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
220-01-004
Land Assessment
$521,500
Improvements Assessment
$978,500
Total Assessment
$1,500,000
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