List Search

2000 2nd St
Richlands, VA 24641

$2,500,000 USD

Freestanding For Sale  •  37,800 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 37,800 SF
  • Lot Size 3.63 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 8.04 %
  • Tenancy Multiple
40 Walk Score

Highlights

Anchored by Advance Auto Parts, the center features a strong mix of national and local tenants, providing stable and diversified income.
Two current vacancies offer a clear value-add opportunity through lease-up, allowing an investor to increase NOI and drive overall property value.
Strategically located in the heart of Richlands, VA, the property sits along the town’s main retail corridor.
Offered at an attractive basis below replacement cost, presenting investors with a compelling entry point at approximately $66.14 PSF.
Top-performing Advance Auto Parts location, ranking in the 78th percentile nationwide and 62nd percentile within Virginia (Placer.ai).
Cap Rate: 8.04 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto parts 16,800 SF
Rent A Center 7,000 SF
Town Center Laudromat 5,000 SF

Amenities

  • Signage
Jack Levine 954-902-5257 Sands Investment Group
Jack Levine 954-902-5257 Sands Investment Group