For Sale
$349,000

48 Animal Clinic RdStuart, VA 24171

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This Class A, 1,596 sq ft bank branch in Stuart, VA, offers a compelling investment opportunity. Located at 48 Animal Clinic Rd, this single-tenant property boasts a 14.10% cap rate and a strong Net Operating Income (NOI) of $49,196. The property features a 15-year NNN lease with Blue Ridge Bank, expiring August 30, 2025, with approximately 0.8 years remaining. The lease includes a 10% rent increase every three years. Situated on a 0.839-acre lot with 11 parking spaces, the building enjoys excellent visibility just off US-58 West (Jeb Stuart Highway), a high-traffic area with 8,600 average daily traffic. Nearby businesses include Walmart, Tractor Supply, Advance Auto Parts, and Wendy's. The property's strong financials, coupled with its prime location and credit-rated tenant, make it an attractive investment for passive investors or owner-users seeking a strategic location. Built in 2010, this one-story building offers 100% occupancy. The asking price is $349,000, translating to a price per square foot of $218.67. The property's parcel number is 19939001.

Highlights

  • 14.1% CAP Rate.
  • 10 Months Remaining on Lease.
  • High Visibility, US-58 West (Jeb Stuart Highway) proximity.
  • 8,600 Average Daily Traffic Count.

Property Details for 48 Animal Clinic Rd

Property type
Retail properties, Banks
Square Feet
1,596 SF
Class
A
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
36,547 SF
Units
1

Location Insight

City
Stuart
County
Patrick
State
Virginia
Latitude
36.64147021
Longitude
-80.23488817
48 Animal Clinic Rd, Stuart, Virginia

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48 Animal Clinic Rd
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