ARKO | 4623 S Amherst Hwy
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ARKO 4623 S Amherst Hwy
1,928 SF 100% Leased Retail Building Madison Heights, VA 24572 £1,404,010 (£728/SF) 5.50% Net Initial Yield
Executive Summary
NNN Pro 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 $97,871 and has scheduled
increases of 1.50% Annually. This site qualifies for bonus and
accelerated depreciation, allowing the investor to take advantage
of significant tax savings.
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 $97,871 and has scheduled
increases of 1.50% Annually. This site qualifies for bonus and
accelerated depreciation, allowing the investor to take advantage
of significant tax savings.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
1,928 SF
Building Class
C
Year Built
1969
Price
£1,404,010
Price Per SF
£728
Net Initial Yield
5.50%
NOI
£77,220
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.05
Land Acres
0.84 AC
Zoning
B2
Parking
14 Spaces (7.26 Spaces per 1,000 SF Leased)
Frontage
125 ft on U.S. 29 Business
PROPERTY TAXES
| Parcel Number | 155B-A-17 | Improvements Assessment | £186,837 |
| Land Assessment | £130,826 | Total Assessment | £317,663 |
PROPERTY TAXES
Parcel Number
155B-A-17
Land Assessment
£130,826
Improvements Assessment
£186,837
Total Assessment
£317,663
-
Power Broker Glen Kunofsky -
Daniel Price -
NNN Pro Group
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ARKO | 4623 S Amherst Hwy
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