For Sale
For Sale
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Total Building Size
41,000 RSF
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Overview
The Food Lion Center is approximately 41,000 sq. ft. situated on almost 5 acres in Madison Heights, Virginia. Completed in 1986, the Center consists of two Tenants: Food Lion is occupying approximately 32,000 sq. ft. and River Church is occupying 8,640 SQ. FT. Food Lion has planned some remodeling of the store in 2018. Roof under warranty until January, 2023. Having an average Net Operating Income of approximately $218,000 over the last three years, the Center offers excellent cash flow.
Property Details
The Food Lion Center is approximately 41,000 sq. ft. situated on almost 5 acres in Madison Heights, Virginia. Completed in 1986, the Center consists of two Tenants: Food Lion is occupying approximately 32,000 sq. ft. and River Church is occupying 8,640 SQ. FT. Food Lion has planned some remodeling of the store in 2018. Roof under warranty until January, 2023. Having an average Net Operating Income of approximately $218,000 over the last three years, the Center offers excellent cash flow.
- Property TypeRetail
- Sale Price$2,500,000
- Total Building Size41,000RSF
- Total Acres4.82
- ZoningB-2 General Commercial
- Property ID2003806
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