Listed by Matthews
$2,263,000
607 & 611 N Main Street
Details
Property Type Retail
Square Footage 7,000
Units 2
Cap Rate 6.50%
NOI $147,125
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $323
Year Built 2025
Acreage 1.300
Ground Lease No
Brand New Starbucks & Mattress Warehouse Investment in Virginia
Investment highlights
• With 10 years of initial term for new construction Starbucks and Mattress Warehouse.
• Excellent National Credit Tenant brand of Starbucks and Mattress Warehouse.
• Located in Kilmarnock, VA, on the ever-expanding Tidewater market of the Virginia Beach MSA - a successful market which continues to be at the top of the list for investors targeting retail assets in the Mid-Atlantic.
• Well-situated on North Main Street (Highway 3), that sees ±10,300 VPD, across from a Walmart Supercenter.
• A plethora of ancillary outparcel draws includes Tractor Supply, Pizza Hut, CVS, O'Reilly's, Verizon, and many more.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,125.00
$12,260.42/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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