For Sale | Rustburg Marketplace Shopping Center
$4,830,500
1051 Village Highway, Rustburg, VA 24588
For Sale
Retail
Grocery Anchored/Community Center
Active
Last Updated: 07/02/2021
7
Cap Rate
338,118.63
NOI
Details:
Cap Rate: 7%
NOI: $338,118.63
Building Size: 46,700 sqft
Lot Area: 8.55 acres
Description:
• Stable Food Lion anchored center with mostly national tenants
• Dominant shopping center in vicinity
• 100% leased
• No major grocery competition within 10 miles
• Close proximity to Liberty University and other colleges
• Food Lion & Family Dollar are investment grade credit tenants
• Largest tenants deemed “essential businesses” during COVID-19
• 88% of tenancy has been in place for more than 20 years
• Consistently strong store sales for Food Lion
Documents:
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Location
Gallery
