2704 Oaklawn Blvd | Hopewell, VA 23860
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- LoopNet Team
2704 Oaklawn Blvd
Hopewell, VA 23860
CVS | Zero Cash Flow · Retail Property For Sale
Investment Highlights
- Investment Grade Tenant, Rated BBB by S&P
- Fully-Amortizing Debt
- 23-Years Remaining on Original 25-Year Absolute NNN Lease
- Assumable Non-Recourse Debt with Only a 18% Equity Requirement
- 82% Return-to-Equity through Amortization in the First 5-Years of the Lease
- Attractive Retail Location in the Richmond MSA
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.66 AC
Zoning
B3
Parking
45 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 081-0731 | Improvements Assessment | $2,125,900 |
| Land Assessment | $518,000 | Total Assessment | $2,643,900 |
PROPERTY TAXES
Parcel Number
081-0731
Land Assessment
$518,000
Improvements Assessment
$2,125,900
Total Assessment
$2,643,900
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