For Sale
$4,263,000

33820 Old Valley Pike Strasburg, VA 22657

High-yield, multi-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
134
This 15,682 sq ft, 100% occupied retail center in Strasburg, VA, offers a compelling investment opportunity. Located on Old Valley Pike with high visibility and traffic counts (14,000 VPD), the property benefits from its proximity to I-81 (60,000 VPD). The diverse tenant mix includes Thomas Family Dentistry, Valley Health Urgent Care, Winchester Foot & Ankle, Golden China, Allure Nail Spa, Strasburg Pharmacy, and Castiglias Italian Eatery, operating primarily under NNN leases, minimizing investor expenses. Built in 2008, this fee-simple property sits on a 2.02-acre lot and boasts a strong NOI of $298,386, resulting in a 7.00% cap rate and a price per square foot of $271.84. The asking price is $4,263,000. The property's strategic location near Shenandoah National Park and a dense concentration of quick-service restaurants further enhances its appeal and potential for continued success. The strong consumer base within a 5-mile radius, boasting an average household income of $80,493, supports the property's long-term viability. Lease terms vary. APN: 016 A 160 & 016 A 161.

Highlights

  • 100% leased, fee-simple retail center with a diverse tenant mix, primarily under NNN leases, minimizing investor expenses.
  • High-visibility location on Old Valley Pike (14,000 VPD) with proximity to I-81 (60,000 VPD) and significant street frontage.
  • Strong consumer base with an average household income of $80,493 within a 5-mile radius, supported by proximity to Shenandoah National Park and numerous nearby QSRs.

Property Details for 33820 Old Valley Pike

Property type
Lifestyle centers, Power centers
Square Feet
15,682 SF
Year Built
2008
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Strasburg
County
Shenandoah
State
Virginia
Latitude
39.00476909663
Longitude
-78.339351071031

FAQs

What type of property is this?
Lifestyle center - High-yield, multi-tenant retail center.
Where is the lifestyle center located?
The property is located at 33820 Old Valley Pike Strasburg, VA.
What is the asking price?
The asking price for this property is $4,263,000.
What are key features of this property?
This property features: 100% leased, fee-simple retail center with a diverse tenant mix, primarily under NNN leases, minimizing investor expenses.; High-visibility location on Old Valley Pike (14,000 VPD) with proximity to I-81 (60,000 VPD) and significant street frontage.; Strong consumer base with an average household income of $80,493 within a 5-mile radius, supported by proximity to Shenandoah National Park and numerous nearby QSRs.
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33820 Old Valley Pike
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