For Sale
$1,571,428

3607 Williamson Rd Roanoke, VA 24012

Strong NN Lease, Major Retailer, 7% CAP

Overview

Added:
Feb 3
Days on market:
81
This exceptional retail property, located at 3607 Williamson Road in Roanoke, Virginia, presents a compelling investment opportunity. The 8,772 square foot building sits on a prime corner lot at the intersection of Williamson Road and Oakland Boulevard, benefiting from high visibility and excellent traffic flow. A significant strength of this offering is the strong, net-net lease in place with a major retailer. This lease provides security and predictable income streams. The current lease term includes a new 5-year lease and two additional 5-year renewal options, ensuring long-term stability for the investor. The landlord's responsibilities are limited to roof and HVAC repairs exceeding $2,500, significantly reducing operational burdens. The tenant is responsible for all property taxes and insurance, further minimizing expenses for the owner. The property currently offers a compelling 7% capitalization rate on net income, making it an attractive addition to any diversified portfolio. This is a rare opportunity to acquire a well-located, stable, and high-yielding retail investment in a thriving Roanoke market. The property's strategic location and the strength of the existing lease make this an exceptional investment prospect. Don't miss this chance to secure a reliable income stream with significant long-term potential.

Property Details for 3607 Williamson Rd

Property type
Retail properties
Square Feet
8,772 SF
Year Built
1960

Location Insight

City
Roanoke
County
ROANOKE CITY
State
Virginia
Latitude
37.30383
Longitude
-79.94459

FAQs

What type of property is this?
Retail property - Strong NN Lease, Major Retailer, 7% CAP
Where is the retail property located?
The property is located at 3607 Williamson Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $1,571,428.
How can I contact the broker?
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3607 Williamson Rd
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