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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



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
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
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 began in Wisconsin with a department store that opened in Brookfield in 1962, growing out of the broader Kohl family retail business in the Milwaukee area. The company operates as an omnichannel retailer with a national store network, an online store, and a mobile app that support shopping across stores and digital channels. Kohl's merchandise mix spans apparel, footwear, accessories, home essentials, beauty, and family-focused categories, including branded offerings and shop-in-shop experiences such as Sephora at Kohl's and Babies"R"Us at Kohl's. Kohl's also maintains a long-running community focus through Kohl's Cares and related philanthropy programs that support families and local organizations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | 68,725 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-78-B | Improvements Assessment | $7,048,800 (2025) |
| Land Assessment | $4,530,300 (2025) | Total Assessment | $11,579,100 (2025) |
Property Taxes
Presented by
763-791 Nalles Mill Rd
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