219 Arch Ave, Waynesboro, Va

$1,097,000

Price

5.72%

Cap Rate

$62,700

NOI

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Overview
Cap Rate
5.72%
NOI
$62,700
Building Size
3,800 sqft
Year Built
2019
Price Per Sqft
$288.68
Zoning
C-B
Description

Freestanding 3,800 SF retail building on 0.43 acre lot with abundant parking - 17 spaces. Leased on NNN basis to VA ABC on a ten-year lease through 02/28/2030 with two 5 year options to renew. Tenant reimbursements for operating expenses approximately $3.28/SF. 5.72% Cap Rate! The building was fully renovated in 2019. Well located property in downtown Waynesboro. Shadow anchored by Kroger and surrounded by dense residential development. Just off W. Main St and less than 3 miles from I-64.

Highlights
  • Days on Market: 60
  • Heating: Heat Pump(s)
Location
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