50-60 Firstwatch Dr - Retail FOR SALE


Moneta, VA 24121
$2,700,000 USD
954-902-5257
50-60 Firstwatch Dr, Moneta, VA for Sale
$2,700,000 USD
Retail - FOR SALE
1/6
null | 6.51% Cap Rate

50-60 Firstwatch Dr
Moneta, VA 24121


HIGHLIGHTS

  • 40% Below-Market Rents: Significant upside through lease-up, renewals, and re-tenanting.
  • Affluent Trade Area: AHHI $124,000+, driven by permanent residents, lake-home owners, and retirees.
  • Strong Tenant Mix: Includes national brand Domino’s, providing stability and consistent customer draw.
  • Major Vacation Destination: Located at Smith Mountain Lake, one of Virginia’s top recreation markets with strong seasonal traffic.
  • Growing Retail Corridor: Increasing demand from both yearround residents and peak-season visitors, limited competing supply.
  • Diverse Customer Base: Captures local, second-home, and tourist spending.

OVERVIEW

We are pleased to exclusively offer for sale the Lakewatch Retail Center at 50–60 Firstwatch Drive, a 21,360 SF property situated in the affluent trade area of Moneta, VA. The center benefits from strong demographics, including average household incomes above $124,000 and a steady customer base of full-time residents, lake-home owners, and retirees. Anchored by a reliable tenant mix of national and local brands, including Domino’s, the property maintains consistent traffic and stability. Additionally, the asset presents a compelling value-add opportunity, with current rents significantly below market and substantial upside available through lease-up, renewals, and strategic re-tenanting. In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakewatch Retail Center - Moneta, VA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

3.75 AC

LAND SF

163,350 SF

ZONING

PCD

APN/PARCEL ID

0151202700

ASK ABOUT THIS PROPERTY

Jack LevineSands Investment GroupMore Info
954-902-5257

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Jack LevineSands Investment GroupMore Info
954-902-5257

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