1280 Armory Dr - Freestanding FOR SALE


Franklin, VA 23851
$849,231 USD
980-485-4469
1280 Armory Dr, Franklin, VA for Sale
$849,231 USD
Freestanding - FOR SALE
1/20
null | 6.5% Cap Rate

1280 Armory Dr
Franklin, VA 23851


HIGHLIGHTS

  • Recent Lease Extension
  • Strategic Location: Lowe’s Outparcel
  • Below-Market Rent
  • High-Traffic Corridor
  • Stable Income Stream
  • Attractive Southeast Market

OVERVIEW

Dash CREA is pleased to offer 1280 Armory Drive in Franklin, VA — a single-tenant retail asset positioned as a Lowe’s outparcel along the market’s dominant retail corridor. The property features a recent lease extension, confirming the tenant’s long-term commitment and providing secure cash flow. With rents well below market, the asset offers investors immediate upside potential in both income and value while benefiting from strong traffic and synergy with national retailers including Lowe’s, Walmart, and Tractor Supply.

FOR SALE DETAILS

PRICE

$849,231 USD

PRICE/SF

$140 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

B3

APN/PARCEL ID

120-167-3D

ASK ABOUT THIS PROPERTY

John DudashDash Commercial Real Estate AdvisorsMore Info
980-485-4469

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John DudashDash Commercial Real Estate AdvisorsMore Info
980-485-4469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.