1008 Richmond Rd Staunton, VA 24401
Prime Retail Investment, 15-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Brand new 2024 construction with a 15-year absolute net lease and 5% rent increases every 5 years.
- Prime retail location near Walmart, Lowe's, and other national tenants.
- High-traffic area with over 24,000 cars daily, near two large apartment complexes.
- Tenanted by Firestone Complete Auto Care, a subsidiary of investment-grade tenant Bridgestone (S&P rating "A"), with over $31.6 billion in 2022 revenue.
- 5,798 square foot building on a 1.14-acre lot, offering a 5.35% cap rate and $252,559 NOI.
Property Details for 1008 Richmond Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 5,798 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 49,658 SF
- Units
- 1
Location Insight
- City
- Staunton
- County
- Staunton City
- State
- Virginia
- Latitude
- 38.13883901
- Longitude
- -79.04850845
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Retail Investment, 15-Year Lease
- Where is the retail property located?
- The property is located at 1008 Richmond Rd Staunton, VA.
- What is the asking price?
- The asking price for this property is $4,721,000.
- What are key features of this property?
- This property features: Brand new 2024 construction with a 15-year absolute net lease and 5% rent increases every 5 years.; Prime retail location near Walmart, Lowe's, and other national tenants.; High-traffic area with over 24,000 cars daily, near two large apartment complexes.
- How can I contact the broker?
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