1860 Stoneridge Commerce Dr - Freestanding FOR SALE
Macon, VA 23139 |
$2,464,000 USD
817-980-0512
1860 Stoneridge Commerce Dr
Macon, VA 23139
HIGHLIGHTS
- Corporately Guaranteed Strickland Brothers With 14+ Years Remaining in Primary Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- 10% Rental Increase Every 5 Years Throughout Primary Term and Options
- Rapidly Growing Population Within 5-Mile Radius, Boasting 51.80% Growth Rate From 2010 to 2024 Having an Average Household Income of $174K+
- Excellent Visibility Along Anderson Hwy, With an Impressive 35,000 Vehicles Passing by the Property Daily
- Strickland Brothers was Founded in 2016 and Currently has Approximately 250+ Locations
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Strickland Brothers in Powhatan, VA. The subject property is corporately guaranteed with 14+ years remaining in primary term. It is adjacent to Walmart Supercenter and located near several retailers.
In Cooperation With Brian Brockman at Bang Realty, Inc | VA #225245999 | bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$2,464,000 USD
PRICE/SF
$1,420 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Strickland Brothers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Dealership, Auto Repair, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
-
APN/PARCEL ID
042-25B
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817-980-0512
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817-980-0512
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