2535 Wards Rd - Supermarket FOR SALE


Lynchburg, VA 24502
$7,650,000 USD
480-221-4221
2535 Wards Rd, Lynchburg, VA for Sale
$7,650,000 USD
Supermarket - FOR SALE
1/10
null | 5.75% Cap Rate

2535 Wards Rd
Lynchburg, VA 24502


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Increases
  • Fee Simple Ownership | Limited Landlord Responsibilities
  • Across From River Ridge Mall | Less Than 1 Mile From Liberty University (100,000 Students)
  • Strong Demographics In The 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN Leased, US Foods Chef’Store investment property located in Lynchburg, Virginia. The tenant, US Foods Chef’Store, Inc signed a 15 year lease in 2022 with with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a double net (NN) lease, providing the investor responsibilities limited to the roof, which is under warranty for another 16 years, and the structure. US Food’s Inc. is an expanding national brand that provides an in store grocery shopping experience, and is a wholesaler to various restaurants and chains. The tenant has an S&P credit rating of BB+.

FOR SALE DETAILS

PRICE

$7,650,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U.S. Foods | Single Tenant Grocery Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

121

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

B5

APN/PARCEL ID

162-28-023

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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