295 Technology Dr Christiansburg, VA 24073

This exceptional Class A industrial property, a 315,000-square-foot warehouse in Christiansburg, Virginia, presents a compelling sale-leaseback opportunity. Built in 2012, this single-tenant facility boasts a 100% occupancy rate with a 15-year absolute NNN lease in place. The lease includes rent bumps and 4-5 year lease options. The property features 30 loading docks, 3 dock-high doors, and a 32-foot ceiling height. Ample parking is provided with 242 spaces. Situated on 46.1 acres (34.5 usable), this strategically located distribution center offers excellent access to Interstate 81. The tenant, a major national online retailer, has a long-term operating history at this location, which serves as their sole eastern US distribution hub. The property is offered fee-simple, with a pro-forma cap rate of 8.00%. The sale-leaseback allows the tenant to strengthen its financial position. Offers are being reviewed, with a target of a 15-year absolute triple net lease with market base rent and annual escalations. The deadline for offers is October 24, 2024. This is a rare opportunity to acquire a high-quality asset with a strong, creditworthy tenant and significant long-term growth potential.