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Rocky Mount Realty Purchases Former Restaurant At 100 Walker Street In Lexington For $1.35M
SOLD
$1,350,000
Virginia
See Similar DealsRetail2,561 SF
Sold 03/31/2026
SOLD
Rocky Mount Realty Purchases Former Restaurant At 100 Walker Street In Lexington For $1.35M
100 Walker Street
See Similar DealsRetail2,561 SF
Sold 03/31/2026
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$527
Total Square Footage:2,561 SF
Transaction Type:Sale
100 Walker Street, located in Lexington, VA, was sold as a retail asset for $1,350,000. The property spans 2,561 sq. ft. and has a price per square foot of $527. It was previously a restaurant before the sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 100 Walker Street
- Market: Lexington, VA
- Square Footage: 2,561
- Price Per Square Foot: $527
- Broker: Wyatt Poats - Cushman & Wakefield
The buyer of the property is Rocky Mount Realty, who has secured a lease with Chipotle Mexican Grill for the site, indicating future commercial use for the asset following the transaction.
Players
SELLER
TENANT
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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