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10400 Courthouse Rd Spotsylvania Courthouse, VA 22553

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16,500 SF Retail/Office, High Occupancy

Property Features for 10400 Courthouse Rd

General Information

Property type
Manufacturing properties
Lot Size
83,635 SF

Building Details

Year Built
1990
Stories
1

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Listing Contact
Brian Cunningham
Brian Cunningham

Listing Agency: Coldwell Banker Elite Listing Agent: Brian Cunningham

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 16,500 square foot multi-tenant retail and office building situated on a 1.92-acre lot at 10400 Courthouse Road in Spotsylvania, Virginia (zip code 22553). The property boasts a strong 96% occupancy rate, generating a substantial net operating income (NOI) of $357,420 and a compelling 6.74% capitalization rate. Built in 1990, this single-story building features 79 parking spaces and is zoned C2. The property benefits from an absolute NNN lease structure with multiple tenants, including national, regional, and local businesses, ensuring a stable income stream. Leases include annual increases of 3% and 5%. The prime location on Route 208/Courthouse Road offers exceptional visibility and accessibility, with over 44,000 vehicles passing daily at a signalized intersection. Its strategic placement adjacent to major retailers like Giant Grocery Store, Burger King, and McDonald's, further enhances its appeal. The property's location within a densely populated area, with over 50,000 residents within 3 miles and over 100,000 within 5 miles, guarantees a consistent customer base. The asking price for this fee-simple ownership opportunity is $5,300,000. The property's APN is 35-6-1. This is a rare chance to acquire a high-performing asset in a rapidly growing area projected to be the second fastest-growing suburb of Washington, D.C. by 2040.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Spotsylvania Courthouse
County
Spotsylvania
State
Virginia
Longitude
-77.5277479
Latitude
38.2444484

FAQs

What type of property is this?
Manufacturing property - 16,500 SF Retail/Office, High Occupancy
Where is this manufacturing property located?
The property is located at 10400 Courthouse Rd Spotsylvania Courthouse, VA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 16,500 SF multi-tenant retail/office building on a 1.92-acre lot for sale.; 96.7% leased, generating $357,420 NOI and a 6.74% cap rate.; Strong tenant mix including national, regional, and local businesses with leases featuring 3% and 5% annual increases.
(540) 429-3414 Call to check price and availability
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