HIGHLIGHTS
- NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
- Transferable Roof Warranty - 20-year roof warranty was issued at the time of construction with over 15 years of guaranteed coverage remaining.
- Priced Below Replacement Cost at roughly $123/SF, this asset holds positive attributes from a price/sf basis.
- Premier Anchor Tenant - Academy Sports is strategically positioned within Waterview Town Center, one of Richmond’s most established retail hubs.
- Prestigious Upcoming Development - Brand-New Sprouts under construction next door set to open summer of 2025.
FOR SALE DETAILS
PRICE
$7,773,908 USD
PRICE/SF
$123 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bldg 2
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
355
LAND DETAILS
LAND ACRES
9.01 AC
LAND SF
392,476 SF
ZONING
-
APN/PARCEL ID
0062-00-000-4006-907
ASK ABOUT THIS PROPERTY
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858-414-7849
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858-414-7849
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