Cedar Creek Station Center - Strasburg, VA | 33820 Old Valley Pike
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Cedar Creek Station Center - Strasburg, VA 33820 Old Valley Pike
15,682 SF 100% Leased Retail Building Strasburg, VA 22657 $6,061,986 CAD ($387 CAD/SF) 7% Cap Rate
Executive Summary
• Fully occupied with diverse tenant mix ensuring consistent demand and customer traffic
• Long-term tenant stability with most tenants operating under NNN leases, limiting expense leakage for potential investors
• Situated along Old Valley Pike, a major retail and commuter thoroughfare with an average daily traffic of 14,000 vehicles
• Proximity to on/off ramps of Interstate 81 (60,000 VPD) enhances accessibility
• Significant street frontage and a large monument sign
• Dense Quick-service restaurants (QSR) nearby such as Arby’s, McDonald’s, Burger King, and more
• These tenants contribute to foot traffic, attracting a steady stream of customers. Strong tenant synergy promotes crossover shopping to the subject property
• The subject property is located directly across from a Fairfield Inn (84 Keys), Enhancing the shopping center’s appeal, drawing visitors and tourists and potentially boosting sales
• Near Shenandoah National Park, spanning over 200,000 acres along the Blue Ridge Mountains in Virginia
• Park attracted over 1.4 million visitors in 2022
• More than 14,000 residents and 4,000 employees support the trade area
• $80,493 average household income
• Long-term tenant stability with most tenants operating under NNN leases, limiting expense leakage for potential investors
• Situated along Old Valley Pike, a major retail and commuter thoroughfare with an average daily traffic of 14,000 vehicles
• Proximity to on/off ramps of Interstate 81 (60,000 VPD) enhances accessibility
• Significant street frontage and a large monument sign
• Dense Quick-service restaurants (QSR) nearby such as Arby’s, McDonald’s, Burger King, and more
• These tenants contribute to foot traffic, attracting a steady stream of customers. Strong tenant synergy promotes crossover shopping to the subject property
• The subject property is located directly across from a Fairfield Inn (84 Keys), Enhancing the shopping center’s appeal, drawing visitors and tourists and potentially boosting sales
• Near Shenandoah National Park, spanning over 200,000 acres along the Blue Ridge Mountains in Virginia
• Park attracted over 1.4 million visitors in 2022
• More than 14,000 residents and 4,000 employees support the trade area
• $80,493 average household income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,682 SF
Building Class
B
Year Built
2009
Price
$6,061,986 CAD
Price Per SF
$387 CAD
Cap Rate
7%
NOI
$424,305 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.02 AC
Zoning
B - Highway Commercial
Parking
109 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
143 ft on Old Valley Pike
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,123,427 CAD | |
| Land Assessment | $987,543 CAD | Total Assessment | $3,110,970 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$987,543 CAD
Improvements Assessment
$2,123,427 CAD
Total Assessment
$3,110,970 CAD
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Cedar Creek Station Center - Strasburg, VA | 33820 Old Valley Pike
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