For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

230 Commonwealth Dr Wytheville, VA 24382

Loading data...
Loading data...
Loading data...
For Sale
$1,810,000

High-cap rate, corporate-guaranteed Mattress Firm

Property size:
4,400 SF

Property Features for 230 Commonwealth Dr

General Information

Property type
Individual retail properties
Square Feet
4,400 SF

Building Details

Year Built
2015
Stories
1

We can help!

Listing Contact
Paul Marsteller

Listing Agency: Net Net Net Realty Listing Agent: Paul Marsteller

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

Learn more

Property Insight Report

Overview

Exceptional investment opportunity: a 4,400-square-foot freestanding Mattress Firm storefront in Wytheville, Virginia. Located at 230 Commonwealth Dr, this property boasts a prominent position at the entrance of a dominant regional power center, strategically situated at the intersection of Interstates I-81 and I-77. The center includes major anchors such as Walmart Supercenter and Lowe's, along with over 20 additional national and regional retailers and quick-service restaurants. Built in 2015, this single-story building sits on a 22,000-square-foot lot and offers ample parking with 20 spaces. The property is currently 100% occupied under a net lease with a corporate guarantee, providing significant security and stability. The asking price is $1,810,000, representing a compelling cap rate of 6.71% and a price per square foot of $411.36. The current net operating income (NOI) is $121,440. The lease includes two, five-year renewal options with 10% rent bumps each. The property is zoned for business (retail) use. This is a rare opportunity to acquire a high-performing, net-leased retail property with a strong tenant and excellent location. The tenant is a well-established national brand, further enhancing the investment's appeal. This property is ideal for investors seeking a stable, high-return investment with significant long-term potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Wytheville
County
Wythe
State
Virginia
Longitude
-81.0976378
Latitude
36.9581566

FAQs

What type of property is this?
Individual retail property - High-cap rate, corporate-guaranteed Mattress Firm
Where is this individual retail property located?
The property is located at 230 Commonwealth Dr Wytheville, VA.
What is the asking price?
The asking price for this property is $1,810,000.
What are key features of this property?
This property features: $1,810,000 asking price for a 4,400 square foot Mattress Firm storefront.; Net lease investment with a corporate guarantee.; 6.71% cap rate and $121,440 annual net operating income (NOI).
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message