$2,229,615 USD
888-993-5344
327 S College Ave
Salem, VA 24153
Downtown Salem
HIGHLIGHTS
- Rare Caliber Collision lease structure with tenant responsible for roof maintenance; Minimal landlord responsibilities
- 8 years remaining on a corporate-backed lease (Caliber Collision, backed by publicly traded CWD); 10% rent increases every five years
- Established location; tenant has operated successfully here for 7 years
- National brand presence; Caliber Collision operates over 1,800 locations across 41 states
- High-income area; average household income within 1 mile: $84,000; Dense infill market; 5-mile population of 90,399
- Less than 1 mile from Roanoke College (2,000 students); Major employment hub; top employers include Kroger, Walmart, and Wells Fargo
FOR SALE DETAILS
PRICE
$2,229,615 USD
PRICE/SF
$112 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL Caliber Collision | Roanoke MSA, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1962
SPRINKLERS
-
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,974 SF
ZONING
Commercial
APN/PARCEL ID
145-5-4
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888-993-5344
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Please correct the highlighted field(s).
888-993-5344
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