Building - WAYNESBORO, VA
Excellent retail investment opportunity in revitalized business corridor of downtown Waynesboro. King Plaza is a long established neighborhood center located near the corner of W. Broad & N.Poplar, anchored by Papa John's Pizza, Liberty Tax, and Valley Vital Care. Surrounding businesses include CVS Drugstore, Union Bank, Gateway Shopping Plaza, Family Dollar, Willow Oak Plaza, and a newly constructed WalMart Neighborhood Market. Good car counts at 11,000 AAWDT on N. Poplar and 12,000 AAWDT on W. Broad. Heavy foot traffic to nearby neighborhoods. Multiple years left on existing leases including two new tenants, 2017 Pro-Forma projecting 11%+ CAP rate with opportunity for additional occupancy. Discl: Listing Agent is a limited partner.
Would you like more information regarding this property?
Please call (540) 942-5101.
Data Provided by:
Greater Augusta Association of Realtors (VA)