For Sale
$549,000
1121 Mem Blvd Martinsville, VA 24112
High-Cap Rate NNN Lease, Fast Food
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 2,096 SF freestanding fast-food building on a 0.751-acre lot in Martinsville, VA (zip code 24112).
- NNN leased to Biscuitville until March 31, 2026, offering an 11.75% cap rate and $64,508 NOI.
- Asking price: $549,000 ($261.93/SF); 29 parking spaces; C-C Corridor Commercial zoning.
- Located on a high-traffic corridor (8,000 VPD); potential for repositioning, redevelopment, or owner-occupancy; lease buyout possible.
- Built in 1985; some FF&E negotiable.
Property Details for 1121 Mem Blvd
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,096 SF
- Class
- B
- Year Built
- 1985
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 32,714 SF
- Units
- 1
Location Insight
- City
- Martinsville
- County
- Martinsville City
- State
- Virginia
- Latitude
- 36.674730054945
- Longitude
- -79.877454975531
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Cap Rate NNN Lease, Fast Food
- Where is the retail property located?
- The property is located at 1121 Mem Blvd Martinsville, VA.
- What is the asking price?
- The asking price for this property is $549,000.
- What are key features of this property?
- This property features: 2,096 SF freestanding fast-food building on a 0.751-acre lot in Martinsville, VA (zip code 24112).; NNN leased to Biscuitville until March 31, 2026, offering an 11.75% cap rate and $64,508 NOI.; Asking price: $549,000 ($261.93/SF); 29 parking spaces; C-C Corridor Commercial zoning.
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