2940 Clinch St - Supermarket FOR SALE
Richlands, VA 24641 |
2940 Clinch St
Richlands, VA 24641
HIGHLIGHTS
- STARTING BID $500,000 | $175K NOI | AUCTION JUNE 5-7, 2023
- ±129,433 Square Foot, Grocery Anchored Retail Center with Grocer Recent Lease Extension through 2028
- CVS and Rose’s (Both 43-Year Tenures) with Recent Rose’s Lease Extension | Lease Negotiations Underway to Extend Medical Tenant
- Value-Add Opportunity at 84% Occupancy and Immediate Upside | Center Comprised of 72% National Tenants
- Center Comprised of 72% National Tenants and 2.95 Year Weighted Average Lease Term
- Prime Retail Corridor including Dollar General, Big Lots, Food Lion, Wendy’s, Huddle House, Burger King, McDonald’s, and more
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Auction - CVS & IGA Supermarket Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Drug Store, Storefront, Department Store
TOTAL BUILDING SIZE
129433
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
1014
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
105A3A-0023
