158 New Market Rd - Freestanding FOR SALE


Timberville, VA 22853
$1,630,856 USD
804-869-8883
158 New Market Rd, Timberville, VA for Sale
$1,630,856 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

158 New Market Rd
Timberville, VA 22853


HIGHLIGHTS

  • Multi-Tenant Walmart Shadow | 4,000 SF Outparcel | 2017 Construction
  • Two (2) Tenants | 100% Occupied | Virginia ABC Store | Verizon
  • NNN Leases | TICAM Reimbursements | Minimal Landlord Obligations
  • Passive Investment | WALT: 6.26 Years | Annual Rent Increases | Both Tenants
  • Nearby New Developments: Walmart Fuel Station & Roxbury Subdivision (84-Units)
  • Verizon Recently Exercised 10 Years

OVERVIEW

Anchored within a thriving Walmart-shadow retail corridor, this 4,000 sq ft multi-tenant asset delivers the stability, visibility, and long-term income profile investors seek. Constructed in 2017, the property offers modern design, durable materials, and minimal maintenance requirements—perfectly aligned with today’s demand for passive, management-light investments. The center is 100% occupied by two nationally recognized tenants: Virginia ABC and Verizon Wireless. Both operate under NNN lease structures with full TICAM reimbursements, ensuring minimal landlord responsibilities and predictable cash flow. Verizon recently demonstrated its commitment to the location by exercising a 10-year renewal, while both tenants benefit from annual rent increases, supporting long-term NOI growth. With a strong WALT of 6.26 years, the asset offers durable income backed by creditworthy tenancy. Strategically positioned within a Walmart-anchored shopping center, the property captures a broad 10-mile trade area and benefits from consistent daily traffic generated by the region’s dominant retail destination. The immediate area continues to expand, with new developments including the Walmart Fuel Station and the 84-unit Roxbury Subdivision, further strengthening consumer demand and long-term viability.

FOR SALE DETAILS

PRICE

$1,630,856 USD

PRICE/SF

$408 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

46,958 SF

ZONING

TOWN

APN/PARCEL ID

40A3-24-L1

ASK ABOUT THIS PROPERTY

Harrison JonesMarcus & MillichapMore Info
804-869-8883

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Harrison JonesMarcus & MillichapMore Info
804-869-8883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.