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95 Dominion Dr

15,500 SF 4-Star Retail Building Farmville, VA 23901 £4,378,590 (£282/SF) 5.75% Net Initial Yield

Investment Highlights

  • Brand new 2024 construction
  • 15,500± SF building on 2.136± AC
  • 12,000± VPD @ site on Highway 15 (Farmville Drive)
  • Located at a signalized intersection
  • Rare 10% rent increases every 5 years
  • 15 year NNN lease

Executive Summary

5.75% cap rate (year 1 rate) | 6.34% cap rate (initial term blended rate)
Harbor Freight Tools is a 45 year-old, $8 billion national tool retailer with the energy, enthusiasm, and growth potential of a start-up. HFT offers customers more than 7,000 tools and accessories, from hand tools and generators to air and power tools, from shop equipment to automotive tools. They provide customers with the right tool for the right job at the right price, always delivering quality and value.
harbor freight tools
15 YR NNN SALE | PIEDMONT AREA OF SOUTH-CENTRAL VIRGINIA

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
15,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
£4,378,590
Price Per SF
£282
Net Initial Yield
5.75%
NOI
£251,777
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
2.84 AC
Frontage
476 ft on Dominion Drive

Amenities

  • Corner Lot
  • Signage
  • Signalised Intersection

Nearby Major Retailers

Ymca
Starbucks
Applebee's
Huddle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
051-10-2C
Land Assessment
£167,131
Improvements Assessment
£0
Total Assessment
£167,131
  • Listing ID: 33537534

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 95 Dominion Dr, Farmville, VA 23901

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