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Horvath & Tremblay Facilitate $2.8M Sale Of Madison Heights, VA Starbucks Retail Property
SOLD
$2,780,835
Virginia
See Similar DealsRetail
Sold 11/22/2023
SOLD
Horvath & Tremblay Facilitate $2.8M Sale Of Madison Heights, VA Starbucks Retail Property
4744 South Amherst Highway
See Similar DealsRetail
Sold 11/22/2023
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Sale
A Starbucks property located at 4744 South Amherst Highway in Madison Heights, VA, has been sold for a price of $2,780,835. The property is a retail asset and was sold by Kyle Danielson and Matt Nadler of Horvath & Tremblay.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,780,835
- Address: 4744 South Amherst Highway, Madison Heights, VA
- Market: Madison Heights, VA
Kyle Danielson and Matt Nadler of Horvath & Tremblay facilitated the sale of the Starbucks property in Madison Heights, VA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,311.19
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,879.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,182.58
Annual Debt Service$158,190.92
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