48 Animal Clinic RdStuart, VA 24171

Property Details for 48 Animal Clinic Rd

Lot size

0.84 AC

Property type

Commercial real estate

APN

4911.09.4A

APU

4911094A

Description

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.

Location Insight

City

Stuart

County

Patrick

State

Virginia

Latitude

36.6418

Longitude

-80.2345

Property Tax & Assessments

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