7335-7351 Lee Hwy - Retail FOR SALE


Radford, VA 24141
$2,123,967 USD
865-456-7821
7335-7351 Lee Hwy, Radford, VA for Sale
$2,123,967 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

7335-7351 Lee Hwy
Radford, VA 24141


OVERVIEW

PREMIER LOCATION: Located at signalized intersection seeing over 21,000 vehicles per day. Proximity to Lowe’s & Walmart Supercenter. HIGH GROWTH MARKET: New construction Cookout, Chipotle, Starbucks, Long-John’s Silver’s, Whistle Express Car Wash. TENANTS COMMITMENT TO THIS LOCATION: Multiple tenants have recently signed new leases or have extended their leases for 5 years. LIMITED LANDLORD RESPONSIBILITIES: Brand-new roof. Tenants reimburse for pro-rata share of expenses. RENT GROWTH: Each tenant has rental increases in the next 12 months. Allows for higher yield in short amount of time with limited expenses. New construction retail in area leading to increased rents, giving future owner rental upside. LEASE CONVERSIONS: Two tenants are converting from Gross to Net Leases. PROXIMITY TO LARGE EMPLOYERS & UNIVERSITIES: Surrounded by Virginia Tech, Radford University, Radford Army Base, & Volvo Auto Manufacturing.

FOR SALE DETAILS

PRICE

$2,123,967 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairlawn 4

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

CM1

APN/PARCEL ID

22346

ASK ABOUT THIS PROPERTY

Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

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Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

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