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Shopping Strip

Four-Tenant Strip | Across from Virginia Tech Entrance!

850 Prices Fork Rd, Blacksburg, VA 24060

Listing Price: $4,900,000

Cap Rate
6.09%
Gross SF
8,144
Rentable SF
8,144
Price/Gross SF
$601.67
Lot Size
0.62 acres
Year Built
2019

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this newer construction, four-tenant strip across from Virginia Tech University in Blacksburg, Virginia (the “Offering”). The 8,144-square-foot strip is fully occupied and leased to key, expanding regional chains Mezeh Mediterranean Grill and Your Pie, and immensely benefits from synergy with the surrounding mix of commercial and residential uses on the same parcel.

Investment Highlights

  • Fully Occupied Four-Tenant Strip with Attractive NOI Growth
  • Amazing Location At Signaled Entrance into Virginia Tech University
  • Part Of Larger University Crossroads Development Anchored by CVS Pharmacy & Busy Hotels

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Shopping Strip

Four-Tenant Strip | Across from Virginia Tech Entrance!

Listing Price: $4,900,000

Cap Rate
6.09%
Gross SF
8,144
Rentable SF
8,144
Price/Gross SF
$601.67
Lot Size
0.62 acres
Year Built
2019

Investment Highlights

  • Fully Occupied Four-Tenant Strip with Attractive NOI Growth
  • Amazing Location At Signaled Entrance into Virginia Tech University
  • Part Of Larger University Crossroads Development Anchored by CVS Pharmacy & Busy Hotels

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this newer construction, four-tenant strip across from Virginia Tech University in Blacksburg, Virginia (the “Offering”). The 8,144-square-foot strip is fully occupied and leased to key, expanding regional chains Mezeh Mediterranean Grill and Your Pie, and immensely benefits from synergy with the surrounding mix of commercial and residential uses on the same parcel.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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