2001 S Pleasant Valley Rd - Auto Repair FOR SALE
Winchester, VA 22601 |
$4,112,000 USD
703-783-6151
2001 S Pleasant Valley Rd
Winchester, VA 22601
HIGHLIGHTS
- Absolute NNN Corporate Pep Boys Lease with Over 8.5 Years Remaining on Primary Term
- 8% Rent Increase Occurs in 3 and 1/2 Years That Increases Cap Rate to a 6.75 Cap
- Early 10 Year Lease Extension Completed a Couple Years Ago
- Proven, Successful Location with 12 Service Bays and Strong Store Sales
- Large Oversized 2.85 Acre Corner Lot at Signalized Intersection in Main Commercial Area
- Low Price Per SF Below Replacement Cost
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Pep Boys located at 2001 S Pleasant Valley Road, Winchester, VA 22601. The site consists of roughly 18,600 rentable square feet of building space on an estimated 2.85-acre parcel of land. This Pep Boys is subject to a 15 Years Triple Net (NNN) lease, which commenced 7/30/2008. The current annual rent is $257,000 and has scheduled increases of 8% every 5 years.
FOR SALE DETAILS
PRICE
$4,112,000 USD
PRICE/SF
$221 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pep Boys
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
78
LAND DETAILS
LAND ACRES
2.85 AC
LAND SF
124,146 SF
ZONING
CM1
APN/PARCEL ID
253-01-25
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
703-783-6151
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
703-783-6151
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
