4623 S Amherst Hwy - Convenience Store FOR SALE


Madison Heights, VA 24572
$1,613,280 USD
918-510-6765
4623 S Amherst Hwy, Madison Heights, VA for Sale
$1,613,280 USD
Convenience Store - FOR SALE
1/3
null | 6.25% Cap Rate

4623 S Amherst Hwy
Madison Heights, VA 24572


HIGHLIGHTS

  • Long Term, 12-Year Triple-Net (NNN) Lease
  • Corporate Guarantee
  • Attractive Rental Increases
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for an ARKO located at 4623 S Amherst Hwy, Madison Heights, VA 24572. The site consists of roughly 1,922 rentable square feet of building space on an estimated 0.845-acre parcel of land. This ARKO is subject to a 12-year Triple Net (NNN) lease, which commenced 6/21/2023. The current annual rent is $100,830 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,613,280 USD

PRICE/SF

$839 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ARKO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B2

APN/PARCEL ID

155B-A-17

ASK ABOUT THIS PROPERTY

Daniel PriceSurmountMore Info
918-510-6765

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Daniel PriceSurmountMore Info
918-510-6765

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