230 Commonwealth Dr - Freestanding FOR SALE


Wytheville, VA 24382
$1,799,000 USD
760-889-4372
230 Commonwealth Dr, Wytheville, VA for Sale
$1,799,000 USD
Freestanding - FOR SALE
1/3
null | 6.75% Cap Rate

230 Commonwealth Dr
Wytheville, VA 24382


HIGHLIGHTS

  • Prominent location at the entrance of the Walmart Supercenter & Lowes-anchored dominant power center in the region

OVERVIEW

Corporate Mattress Firm location at entrance to Wytheville Commons, the regionally dominant power center located at the I-81 and I-77. Wytheville Commons includes Walmart Supercenter, Lowe's and 20+ other national retailers and QSRs, including Burkes Outlet, Petco, Shoe Department, Hibbett's Sports, Dollar Tree, Ruby Tuesdays, Little Caesars Pizza, Pizza Hut, Starbucks, Wendy's, KFC, Taco Bell, et al. Pending Mattress Firm acquisition for $4B by giant mattress manufacturer Tempur-Sealy International (Nearest other Mattress Firm location is 50+ miles away). Broker contact: Paul Marsteller 760 889 4372. netnetnetrealty@gmail.com This is a 4400 +/- SF freestanding building with 20 on site (in front) parking spaces. Developed for Mattress Firm in 2015. Original lease term until June 2026, with two, 5-year renewal options at 10% increase each term.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,037 SF

ZONING

B-2

APN/PARCEL ID

041A-079-0000-0001

ASK ABOUT THIS PROPERTY

Paul MarstellerNet Net Net RealtyMore Info
760-889-4372

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Paul MarstellerNet Net Net RealtyMore Info
760-889-4372

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