Coldwell Banker Commercial Brooks Real Estate is exclusively offering a stabilized retail asset with immediate value-add upside. This 100% leased center is currently operating at an average rent of just $8.88/SF—over 30% below prevailing market rents of approximately $13/SF, creating a clear and executable path to rapid NOI growth through mark-to-market rent increases upon lease rollover.
The property also includes a separate 3,500 SF rear building leased to a long-term machine shop tenant, adding diversified income and durability to the rent roll.
Strategically positioned with strong visibility and frontage on Kings Highway in Montross, VA, the county seat of Westmoreland County and a key hub in the Northern Neck, this asset benefits from consistent local demand and limited competing inventory.
This offering delivers in-place cash flow today with built-in upside tomorrow, making it an ideal acquisition for investors seeking yield compression, NOI expansion, and long-term appreciation.
Drone video link below.