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.