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644 Greenville Ave 4,356 SF 100% Leased Retail Building Staunton, VA 24401 $725,000 ($166.44/SF) 6.36% Cap Rate
Investment Highlights
- Long-term tenants, easy to manage.
- Can be purchased with 630 Charles and 632-634 Charles for $3,200,000.
Executive Summary
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,600
|
$18.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,600
|
$18.57
|
| Taxes |
$3,804
|
$1.17
|
| Operating Expenses |
$10,701
|
$3.28
|
| Total Expenses |
$14,505
|
$4.45
|
| Net Operating Income |
$46,095
|
$14.13
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $60,600 |
| Annual Per SF | $18.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,600 |
| Annual Per SF | $18.57 |
| Taxes | |
|---|---|
| Annual | $3,804 |
| Annual Per SF | $1.17 |
| Operating Expenses | |
|---|---|
| Annual | $10,701 |
| Annual Per SF | $3.28 |
| Total Expenses | |
|---|---|
| Annual | $14,505 |
| Annual Per SF | $4.45 |
| Net Operating Income | |
|---|---|
| Annual | $46,095 |
| Annual Per SF | $14.13 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Healing Touch Bodyworks
- Services
- -
- -
- Triple Net
- -
-
- Accommodation and Food Services
- -
- -
- -
- -
Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.
-
- Administrative and Support Services
- -
- -
- Triple Net
- -
The UPS Store began as Mail Boxes Etc. in 1980, then expanded through a rebrand after UPS acquired Mail Boxes Etc., Inc. in 2001 and introduced The UPS Store brand in 2003. The company operates as a locally owned and operated franchise network that provides packing, shipping, freight, postal, printing, mailbox, notary, and other business services for consumers and small businesses. The business centers support personal mailing needs and small-business workflows through retail storefront services, direct mail support, and a range of document and shipping solutions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Healing Touch Bodyworks | Services | - | - | Triple Net | - | |
|
|
Accommodation and Food Services | - | - | - | - | |
|
|
Administrative and Support Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 5188 | Total Assessment | $427,600 (2025) |
| Land Assessment | $174,400 (2025) | Annual Taxes | $3,804 ($0.87/SF) |
| Improvements Assessment | $253,200 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
644 Greenville Ave
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