3112 Old Forest Rd - Freestanding FOR SALE


Lynchburg, VA 24501
$1,752,761 USD
561-722-1211
3112 Old Forest Rd, Lynchburg, VA for Sale
$1,752,761 USD
Freestanding - FOR SALE
1/2
null | 5.5% Cap Rate

3112 Old Forest Rd
Lynchburg, VA 24501


HIGHLIGHTS

  • 11,541 SF building Located in the Lynchburg area
  • Established commercial corridor
  • Spacious layout for retail ventures
  • High-traffic, retail-friendly location
  • Convenient access to major thoroughfares and US-29
  • Prime opportunity for retail investors

OVERVIEW

Attractive In-Place Yield with Built-In Rental Growth: The offering is priced based on the tenant's current rental rate, providing an attractive going-in capitalization rate with meaningful upside. The newly executed 10-year lease featuring 10% rent increases every five years, creating income growth and enhanced long-term investment return

FOR SALE DETAILS

PRICE

$1,752,761 USD

PRICE/SF

$207 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

B3

APN/PARCEL ID

220-01-004

ASK ABOUT THIS PROPERTY

Beth CalayKin Properties, Inc.More Info
561-722-1211

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Beth CalayKin Properties, Inc.More Info
561-722-1211

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