Listed by Greysteel Company LLC Washington, D.C.
Unpriced
Colonial Plaza Shopping Center
Details
APN 3A2 3 N & 3A2 3 O & 3A2 3 N1
Property Type Retail
Sub Type Shopping Center
Square Footage 56,208
Net Rentable (SqFt) 56,208
Units 238
NOI $276,989
Occupancy 68.83%
Tenancy Multi
Brand/Tenant Dollar General, Ace Hardware
Lease Type NNN
Remaining Term 5
Pro-Forma NOI $476,932
Year Built 1970
Year Renovated 2011
Buildings 2
Stories 1
Acreage 4.430
Zoning C-1
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Ownership fee simple
69% Leased Value-Add Center Anchored by Ace Hardware & Dollar General – Stabilized NOI $476,932
Investment highlights
Colonial Plaza Shopping Center presents the opportunity for an investor to acquire a 69% leased neighborhood retail center with strong anchor tenants and add substantial value through leasing and efficient management.
Existing tenancy is anchored by Ace Hardware and Dollar General which drive traffic to the center and provide a strong foundation for leasing.
Positioned in the heart of Colonial Beach, VA and adjacent to Colonial Beach High School and Elementary Schools
Colonial Beach, VA is located 20 miles east of Fredericksburg, VA and 40 miles south of Washington, DC on the shores of the Potomac
Listing Contacts
Listed by Greysteel Company LLC Washington, D.C.
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Loan Amount
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Annual Cash Flow
$276,989.00
$23,082.42/mo
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