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555 Fort Chiswell Rd 8,455 SF Retail Building Fort Chiswell, VA 24360 $1,200,000 ($141.93/SF) 7.59% Cap Rate



INVESTMENT HIGHLIGHTS
- Rent $11.38 PSF
- Strong Local Demographics & Income Profile
- 3 Extensions Every 5 Years With 3% Rent Increases
- 5% Rent to Sales Ratio
- Limited Discount Retail Competition Nearby
- Percentage Rent Equal to 3% of Gross Sales in Excess of $3,035,166
EXECUTIVE SUMMARY
Double NN
Rent $11.38 PSF
5% Rent to Sales Ratio
Strong Local Demographics & Income Profile
Limited Discount Retail Competition Nearby
3 Extensions Every 5 Years With 3% Rent Increases
Percentage Rent Equal to 3% of Gross Sales in Excess of $3,035,166
Rent $11.38 PSF
5% Rent to Sales Ratio
Strong Local Demographics & Income Profile
Limited Discount Retail Competition Nearby
3 Extensions Every 5 Years With 3% Rent Increases
Percentage Rent Equal to 3% of Gross Sales in Excess of $3,035,166
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,455 SF
Building Class
C
Year Built
2013
Price
$1,200,000
Price Per SF
$141.93
Cap Rate
7.59%
NOI
$91,055
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.49 AC
PROPERTY TAXES
| Parcel Number | 044-005-0000-0002 | Improvements Assessment | $741,900 |
| Land Assessment | $162,300 | Total Assessment | $904,200 |
PROPERTY TAXES
Parcel Number
044-005-0000-0002
Land Assessment
$162,300
Improvements Assessment
$741,900
Total Assessment
$904,200
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555 Fort Chiswell Rd
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