1431 Seminole Trl - Freestanding FOR SALE


Charlottesville, VA 22901
$3,050,000 USD
540-271-7525
1431 Seminole Trl, Charlottesville, VA for Sale
$3,050,000 USD
Freestanding - FOR SALE
1/21
null | 6.16% Cap Rate

1431 Seminole Trl
Charlottesville, VA 22901


HIGHLIGHTS

  • Publicly Traded Corporate Tenant on NNN Lease
  • High-Traffic Seminole Trail Corridor with 55,000 AADT
  • Premier University Market Adjacent to the University of Virginia
  • New Construction with Future Development
  • Price: $3,050,000 | Cap: 6.16% (2027)

OVERVIEW

The property is situated along Seminole Trail (U.S. Route 29), one of the primary commercial corridors in the Charlottesville market, carrying approximately 55,000 vehicles per day. The subject property is an outparcel to Charlottesville Fashion Square, a 572,000sf regional shopping center anchored by national retailers. Adjacent and nearby tenants include Walmart, Lowe’s, Kroger, Costco, Trader Joe’s, ALDI, Whole Foods, HomeGoods, DSW, TJ Maxx, and Red Lobster. Select Comfort Retail Corporation, d/b/a Sleep Number (NASDAQ: SCSS), operates under a triple-net lease with 10% rent escalations every five years through the initial term and both renewal options. The Tenant is responsible for real estate taxes, property insurance, and all maintenance costs as additional rent. The Landlord retains responsibility for roof and structural components only. Sleep Number’s publicly traded status provides financial transparency and corporate accountability that private tenants cannot offer.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SLEEP NUMBER-SEMINOLE TRAIL, CHARLOTTESVILLE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,552 SF

ZONING

HC

APN/PARCEL ID

06100-00-00-134A0

ASK ABOUT THIS PROPERTY

Tim ReamerCottonwood CommercialMore Info
540-271-7525

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Tim ReamerCottonwood CommercialMore Info
540-271-7525

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