Wise County Plaza

Investment Highlights

  • Tractor Supply Anchored Center
  • Recent 5 year Peebles Extension at Increased Rent
  • Long Term GSA Tenant
  • Below Market Rents
  • Priced Below Replacement Cost ($48/sf)
  • Upside Potential Through Leasing 21% Economic Vacancy & Increasing Rents
  • Includes 2 Outlots
  • University of Virginia College at Wise (Only Satellite Capmus of UofV)
  • Regional Retail Hub of Wise, Norton, Dickenson and Lee Counties
  • Adjacent to Lowe’s, Harbor Freight, & Ollie’s Bargain Outlet
  • Strong Traffic Counts: 24,000 Cars/Day on US-23 & 13,000 Cars/Day on Norton Rd

Offering Summary

  • Price: $7,200,000
  • CAP Rate: 7.51%
  • Cost Per Square Foot: $48.93
  • Occupancy: 71%
  • GLA: 147,153 Square Feet
  • Site Area: 13.615 Acres

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