202 Front St E
8,400 SF Retail Building Coeburn, VA 24230 $1,578,000 ($188/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
7.5 cap rate. Leased to Family Dollar with 6 5 year terms beginning July 1st, 2024. 1st term rent is 9945.85/mo. Landlord maintains the exterior and structure components. 31 parking spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,400 SF
Year Built
2014
Price
$1,578,000
Price Per SF
$188
Cap Rate
7.50%
NOI
$118,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.74 AC
Zoning
Commercial
Parking
31 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
198 FT on Front St E
AMENITIES
- Pylon Sign
PROPERTY TAXES
Parcel Number | R005272 | Improvements Assessment | $467,200 |
Land Assessment | $96,000 | Total Assessment | $563,200 |