Investment Offering
Wise, VA - Tractor Supply Co. & E-Z Rentals
181 Plaza Road SW | Wise, VA 24293
$2,200,000
Price34,622
± SF Offering GLA3.07
± AC Land AreaDescription
Two-Tenant Offering | 100% Occupied | Brand New Leases | Scheduled Rental Increases | New Roof & 15-Year Warranty
• Opportunity to purchase a two-tenant building at a combined 34,622 SF of retail space currently at 100% occupancy
• Tractor Supply Co., which occupies 67% of GLA recently signed a 10-year lease with 4 (5-year), demonstrating their long-term commitment to the site
• E-Z Rentals signed a 3-year lease with 2 (3-year) options to extend
• Both leases feature scheduled rental increases, generating NOI and hedging against inflation, see page 5 for more details
• Brand new roof with 15-year warranty
Wise County Plaza | Future Tenants in Shopping Center | Directly off Orby Cantrell Hwy | Excellent Visibility & Access
• Wise County Plaza is strategically positioned at the signalized, hard corner intersection of Norton Road and Orby Cantrell Highway, averaging a combined 32,000 vehicles passing by daily
• Ashley HomeStore and Big Lots will be occupying spaces within Wise County Plaza in the near future
• Orby Cantrell Highway is the primary retail and commuter thoroughfare serving the Wise and surrounding trade area
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing ease and convenience for customers
Primary Retail Corridor | Nearby National/Credit Tenants | Strong Tenant Synergy
• Wise County Plaza is a primary neighborhood shopping center in the trade area, creating a large consumer draw for the immediate trade area
• Nearby national/credit tenants include Lowe’s Home Improvement, Ollie’s Bargain Outlet, Belk, Food City, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
Local Demographics in 10-Mile Trade Area
• More than 29,000 residents and 12,000 employees support the trade area
• Features an average household income of $53,236
Location
Wise County Plaza | Future Tenants in Shopping Center | Directly off Orby Cantrell Hwy | Excellent Visibility & Access
• Wise County Plaza is strategically positioned at the signalized, hard corner intersection of Norton Road and Orby Cantrell Highway, averaging a combined 32,000 vehicles passing by daily
• Ashley HomeStore and Big Lots will be occupying spaces within Wise County Plaza in the near future
• Orby Cantrell Highway is the primary retail and commuter thoroughfare serving the Wise and surrounding trade area
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing ease and convenience for customers
Primary Retail Corridor | Nearby National/Credit Tenants | Strong Tenant Synergy
• Wise County Plaza is a primary neighborhood shopping center in the trade area, creating a large consumer draw for the immediate trade area
• Nearby national/credit tenants include Lowe’s Home Improvement, Ollie’s Bargain Outlet, Belk, Food City, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
Local Demographics in 10-Mile Trade Area
• More than 29,000 residents and 12,000 employees support the trade area
• Features an average household income of $53,236
Documents & Links
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