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Atlee Square Shopping Center 9159-9173 Atlee Rd 43,015 SF 100% Leased Retail Building Mechanicsville, VA 23116 $5,650,000 ($131.35/SF) 7.50% Cap Rate
Executive Summary
Established multi-tenant retail center that is 100% occupied with a diverse tenant mix and NNN leases. Well located at the intersection of Chamberlayne Avenue & Atlee Road in Hanover County, VA. Please complete and return the attached Confidentiality Agreement to obtain an Offering Memorandum.
Property Facts
Sale Type
Investment
Property Type
Building Size
43,015 SF
Building Class
C
Year Built/Renovated
1960/2006
Price
$5,650,000
Price Per SF
$131.35
Cap Rate
7.50%
NOI
$423,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
5.24 AC
Zoning
B-2
Parking
220 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $160,600 | |
| Land Assessment | $2,517,300 | Total Assessment | $2,677,900 |
Property Taxes
Parcel Numbers
Land Assessment
$2,517,300
Improvements Assessment
$160,600
Total Assessment
$2,677,900
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Atlee Square Shopping Center | 9159-9173 Atlee Rd
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