7848-7868 Richmond Hwy - Freestanding FOR SALE


Alexandria, VA 22306- Hybla Valley
$5,400,000 USD
301-367-1033
7848-7868 Richmond Hwy, Alexandria, VA for Sale
$5,400,000 USD
Freestanding - FOR SALE
1/19
null | 9% Cap Rate

7848-7868 Richmond Hwy
Alexandria, VA 22306
Hybla Valley


OVERVIEW

This fully leased property is ready for the buyer who is looking for a better cash return than your normal investment property. Nine of the 10 tenants have been there over 15 years and most of them have recently signed new 5 year renewals. The 10th and largest tenant (Sunset Banquet Hall) has a long term lease through 2039 and has spent upwards of $750k to improve the space for their use. For more information beyond the sales package attached, contact us for the Non-Disclosure Agreement and we can provide you with more details.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Hybla Valley Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

CROSS STREETS

Richmond Hwy. & Belford Ave.

LAND ACRES

2.86 AC

LAND SF

124,712 SF

ZONING

C-8

APN/PARCEL ID

1012-06-0513

ASK ABOUT THIS PROPERTY

Rick KellyAMR Commercial, LLCMore Info
301-367-1033

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Rick KellyAMR Commercial, LLCMore Info
301-367-1033

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