111 Farrow Dr Winchester, VA 22602
- Retail properties
- 2,500 SF
- 2.02 lot acres
Current Use by Public Records
- Retail properties
Property Details for 111 Farrow Dr
- Year built
- 2011
- Lot size
- 2.02 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2,500 square foot Murphy USA convenience store and gas station located at 111 Farrow Dr, Winchester, VA 22602. Situated on a 2.02-acre lot, this property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $93,606. The property is subject to an absolute NNN lease with a corporate guarantee from Murphy USA, a publicly traded company (NYSE: MUSA), ensuring financial stability. The lease commenced October 5, 2012, and has a remaining term of approximately 9 years, extending to October 31, 2033. Built in 2011, this well-maintained property benefits from built-in rent increases of 7.50% every five years throughout the base term and each of the four to five-year tenant renewal option periods. With 100% occupancy and a price per square foot of $713.19, this is a compelling investment offering significant long-term value and minimal landlord responsibilities. The asking price is $1,782,971. This is a single-tenant property with a strong tenant and a long lease term, making it an attractive addition to any investment portfolio. The property's location in Winchester, Virginia, provides excellent visibility and accessibility.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Frederick
- State
- Virginia
- Longitude
- -78.1475
- Latitude
- 39.0811
