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607 & 611 N Main Street 607 Main st 7,000 SF 100% Leased Retail Building Kilmarnock, VA 22482 $2,263,000 ($323.29/SF) 6.50% Cap Rate
Investment Highlights
- Newly constructed ±7,000 SF retail asset featuring Starbucks and Mattress Warehouse both operating under new 10-year lease agreements
- Prime location near the intersection of North Main Street (Highway 3) and Hawthorne Avenue, directly across from Walmart Supercenter
- Attractive surrounding demographics with average household incomes exceeding $95,000 within a three-mile radius
- 100% occupied property leased to nationally recognized retail tenants with strong brand presence
- Positioned within the expanding Tidewater region of Virginia, a market that continues to attract investor demand due to its retail growth
Executive Summary
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,000 SF
Building Class
C
Year Built
2025
Price
$2,263,000
Price Per SF
$323.29
Cap Rate
6.50%
NOI
$147,125
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2365R | Improvements Assessment | $0 |
| Land Assessment | $603,300 | Total Assessment | $603,300 |
Property Taxes
Parcel Number
2365R
Land Assessment
$603,300
Improvements Assessment
$0
Total Assessment
$603,300
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607 & 611 N Main Street | 607 Main st