Unique Investment Opportunity Williamsburg Antique Mall
Transcription
Unique Investment Opportunity Williamsburg Antique Mall
Unique Investment Opportunity Williamsburg Antique Mall 500 Lightfoot Road Williamsburg, VA 23188 PROPERTY HIGHLIGHTS Listing Price: $6,490,000 Over 13% cash on cash annual return 45,000 SF building Housing an on-going business Has an additional 2+/- acres for expansion Great opportunity for an entrepreneur to purchase income producing real property at a 9.48% CAP on Actual earnings Stuart Wade, Jr. The Nicholson Companies 819 W. Little Creek Rd. Norfolk, Va. 23505 757-618-3597 [email protected] The Nicholson Companies and the Argus Self Storage Sales Network have compiled this information from sources believed to be reliable however can make no warranties, express or implied, to its accuracy. Buyer to conduct their own due diligence. 2 500 Lightfoot Rd., Williamsburg, VA 23188 Williamsburg Antique Mall operates very much like a self storage facility. Tenants lease space to offer their inventory for sale to the public. The tenants pay rent for their space and pay a 10% consignment fee to the landlord based on sales. This business opened in 1997 and has been rent stabilized since day one. The Nicholson Companies and the Argus Self Storage Sales Network have compiled this information from sources believed to be reliable however can make no warranties, express or implied, to its accuracy. Buyer to conduct their own due diligence.