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763-791 Nalles Mill Rd 95,447 SF 100% Leased Retail Building Culpeper, VA 22701 $15,700,000 ($164.49/SF) 6.54% Cap Rate

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Investment Highlights

  • National credit tenant roster including Kohl's, Buffalo Wild Wing's, Jersey Mikes, Anytime Fitness.
  • Highly visible in retail corridor.
  • Adjacent to Walmart.
  • Value add available through pad development.

Executive Summary

One Story Building with 9 units and 547 parking spaces. 100% Occupied.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $1,175,679 $12.32
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,175,679 $12.32
Taxes - -
Operating Expenses - -
Total Expenses $149,503 $1.57
Net Operating Income $1,026,176 $10.75

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $1,175,679
Annual Per SF $12.32
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $1,175,679
Annual Per SF $12.32
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $149,503
Annual Per SF $1.57
Net Operating Income
Annual $1,026,176
Annual Per SF $10.75

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
95,447 SF
Building Class
B
Year Built
2006
Price
$15,700,000
Price Per SF
$164.49
Cap Rate
6.54%
NOI
$1,026,176
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
20.46 AC
Zoning
M2 - Commercial
Parking
547 Spaces (5.73 Spaces per 1,000 SF Leased)

About 763-791 NALLES MILL RD , CULPEPER, VA 22701

Prime retail in Culpeper's premier retail district. Anchored by a popular Kohl's, leased until '27 with options to extend. Synergistic, internet-resistant roster. Well appointed and well-maintained.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • 68,725 SF
  • -
  • -

Kohl’s is a leading omnichannel retailer dedicated to delivering great products, exceptional value, and a seamless shopping experience. With over 60 years of service to families of all shapes and sizes, Kohl’s is driven by its purpose: to take care of families’ realest moments. Built on a foundation of strong values, Kohl’s associates embody the company’s CARE principles—Customer First, Accountable, Resourceful, and Empathetic—which guide their actions every day. Uniquely positioned to meet the evolving needs of its customers, Kohl’s remains committed to making a meaningful impact in the lives of the families it serves.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer 68,725 SF - -

Nearby Major Retailers

Anytime Fitness
Truist
Atlantic Union Bank
Buffalo Wild Wings
Starbucks
Lidl
Planet Fitness
Ruby Tuesday
IHOP
Chili's Grill & Bar

Property Taxes

Property Taxes

Parcel Number
41-78-B
Land Assessment
$4,530,300 (2025)
Improvements Assessment
$7,048,800 (2025)
Total Assessment
$11,579,100 (2025)
  • Listing ID: 18560299

  • Date on Market: 2/18/2020

  • Last Updated:

  • Address: 763-791 Nalles Mill Rd, Culpeper, VA 22701

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