3527 Charles M Lankford Jr Mem Hwy - Freestanding FOR SALE


Exmore, VA 23350
$3,391,834 USD
443-286-9063
3527 Charles M Lankford Jr Mem Hwy, Exmore, VA for Sale
$3,391,834 USD
Freestanding - FOR SALE
1/12
null | 7.25% Cap Rate

3527 Charles M Lankford Jr Mem Hwy
Exmore, VA 23350


HIGHLIGHTS

  • Brand new construction next door-6,912 SF Advance Auto Parts.

OVERVIEW

-TC Verizon: 3527-A Lankford Highway Exmore VA 23350 -2800 s.f. -Term-5 years (03/16/21- 03/15/26) -Options Two 3 year options. First option rental increase of 20%; second option 6% -Rent- $48,000.00/yr throughout term -CAM-Full prorata but cap of 5% annual non-cumulative -RE Taxes. Full pro rata -HVAC Tenant maintains, contributes up to $1500.00/ yearly on repairs/replacement -Roof and Structure-Landlord responsibility -ABC Liquors-3527-B Lankford Highway Exmore, VA 23350 -2400 s.f. -State of VA credit -Term-10 years (06/01/21-05/31/31) -Options-One 5 year 2% annual increases -Rent $45,844.00 Increases 2% annually -CAM-Full prorata -RE Taxes-Full prorate -HVAC-Landlord maintains and Tenant reimburses up to $1500.00/year for maintenance/repairs/replacement -Roof and structure-Landlord responsibility

FOR SALE DETAILS

PRICE

$3,391,834 USD

PRICE/SF

$640 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

10-11-B

ASK ABOUT THIS PROPERTY

Mark MuellerLee & Associates Commercial Real Estate ServicesMore Info
443-286-9063

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Mark MuellerLee & Associates Commercial Real Estate ServicesMore Info
443-286-9063

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