3612 Old Halifax Rd | South Boston, VA 24592
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3612 Old Halifax Rd
South Boston, VA 24592
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New construction Starbucks location across from Walmart Supercenter & Lowe's Home Improvement
- Investment grade credit tenant: BBB+ S&P Credit Rating
- Located on the going-to-work side of the road on Old Halifax Rd (15,363 VPD)
- Scheduled rent increases as a strong hedge against inflation: 10% every 5 years and in option periods
- 10-year firm lease with no kickout clause
- Surrounded by major traffic-generating retailers and restaurants including: Walmart Supercenter, Lowe's, Food Lion, Tractor Supply, Dollar Tree, Bojan
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.19 AC
Frontage
138’ on Old Halifax Road
PROPERTY TAXES
| Parcel Number | 10424 | Improvements Assessment | $801,904 |
| Land Assessment | $596,994 | Total Assessment | $1,398,898 |
PROPERTY TAXES
Parcel Number
10424
Land Assessment
$596,994
Improvements Assessment
$801,904
Total Assessment
$1,398,898
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