ARKO | 4623 S Amherst Hwy
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ARKO 4623 S Amherst Hwy
1,928 SF 100% Leased Retail Building Madison Heights, VA 24572 $2,499,600 CAD ($1,296 CAD/SF) 5.50% Cap Rate
Executive Summary
NNN Pro is pleased to present the exclusive listing for an ARKO
located at 4623 S Amherst Hwy, Madison Heights, VA 24572. The
site consists of roughly 1,922 rentable square feet of building
space on an estimated 0.845-acre parcel of land. This ARKO is
subject to a 12-year Triple Net (NNN) lease, which commenced
6/21/2023. The current annual rent is $97,871 and has scheduled
increases of 1.50% Annually. This site qualifies for bonus and
accelerated depreciation, allowing the investor to take advantage
of significant tax savings.
located at 4623 S Amherst Hwy, Madison Heights, VA 24572. The
site consists of roughly 1,922 rentable square feet of building
space on an estimated 0.845-acre parcel of land. This ARKO is
subject to a 12-year Triple Net (NNN) lease, which commenced
6/21/2023. The current annual rent is $97,871 and has scheduled
increases of 1.50% Annually. This site qualifies for bonus and
accelerated depreciation, allowing the investor to take advantage
of significant tax savings.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
1,928 SF
Building Class
C
Year Built
1969
Price
$2,499,600 CAD
Price Per SF
$1,296 CAD
Cap Rate
5.50%
NOI
$137,477 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Land Acres
0.84 AC
Zoning
B2
Parking
14 Spaces (7.26 Spaces per 1,000 SF Leased)
Frontage
125 ft on U.S. 29 Business
PROPERTY TAXES
| Parcel Number | 155B-A-17 | Improvements Assessment | $329,839 CAD |
| Land Assessment | $230,957 CAD | Total Assessment | $560,797 CAD |
PROPERTY TAXES
Parcel Number
155B-A-17
Land Assessment
$230,957 CAD
Improvements Assessment
$329,839 CAD
Total Assessment
$560,797 CAD
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Power Broker Glen Kunofsky -
Daniel Price -
NNN Pro Group
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ARKO | 4623 S Amherst Hwy
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