Map of Property

1014 S Main St

For Sale

1014 S Main St, Culpeper, VA 22701

This Culpeper property for sale is located at 1014 S Main St. The current listed sale price for 1014 S Main St is $1,700,000. 1014 S Main St is situated on a lot that is 0.53 acre in size.

Contacts

broker
Deborah K. Stearns

Jones Lang LaSalle

broker
Wesley Edwards

Jones Lang LaSalle

Property Details

  • Property Type Office
  • Property Size 5,520 SF
  • Lot Size 0.53 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 18
  • Parking Ratio 3.26 / 1,000 SF
  • Year Built 2002
  • Date Updated Oct 16, 2024

The property is entirely leased by the US Social Security Administration, whose lease commenced on June 1, 2022 for a term of 15 years with a termination option after 10 years. The “Shell Rent” is $83,517.60 ($15.13 per rentable square foot) with escalations of 12.5 percent every fifth year and includes a base year amount for real estate taxes, with the tenant responsible for any increases. The tenant also pays $25,408.89 annually ($4.60 per rentable square foot) as additional “Improvement Rent” for $199,632.00 of tenant improvement costs amortized over the 10-year firm term at 5.0 percent. Operating costs are reimbursed at $6.13 per rentable square foot for the base year, which adjusts at each anniversary of lease commencement by the change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (up 3.6 percent for May 2023.) Otherwise, lease terms are standard for General Services Administration leases.

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Getting around

  • 68/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Culpeper, VA
  • Neighborhood Culpeper
  • Zip Code 22701

Points of Interest

  • Culpeper

    0.55 miles

  • BP

    0.19 miles

  • Shell

    0.26 miles

  • Citgo

    0.30 miles

  • Exxon

    0.87 miles

  • 7-Eleven

    0.95 miles

  • Mosby Meadow Market

    1.70 miles

  • Walmart

    1.83 miles

  • Brandy Station Park and Ride Lot

    6.34 miles

  • Lord Culpeper Hotel

    0.37 miles

  • Culpeper Center

    0.48 miles

  • Suites at 249

    0.55 miles

  • Holiday Inn Express & Suites Culpeper

    1.25 miles

  • Baymont

    1.32 miles

  • Quality Inn

    1.35 miles

  • Red Roof Inn Culpeper

    1.40 miles

  • Microtel Inn & Suites by Wyndham Culpeper

    1.41 miles

  • Red Carpet Inn & Suites

    1.61 miles

  • Hampton Inn & Suites

    1.62 miles

  • Safeway

    0.35 miles

  • La Lomita

    0.50 miles

  • Weis

    0.80 miles

  • Kohl's

    1.64 miles

  • TJ Maxx

    1.66 miles

  • Walmart Supercenter

    1.78 miles

  • Big Lots

    1.85 miles

  • Lidl

    1.96 miles

  • Target

    2.14 miles

  • ALDI

    2.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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