2482 Patterson AveRoanoke, VA 24016

This fee-simple Roanoke, VA retail property offers a compelling investment opportunity. The 10,730 square foot building, situated on a 1.56-acre lot at 2482 Patterson Ave SW, 24016, is 100% occupied by a Corporate BIMBO Bakeries USA under a Net Lease (NN+) agreement with a corporate guarantee. Built in 1974 and extensively renovated in 2017, the single-story building serves as a regional distribution center. The lease, expiring January 31, 2033, includes a remaining term of 8.2 years with 2% rent bumps every three years and two 5-year lease options. The current NOI is $72,828, yielding a 6.50% cap rate, and the asking price is $1,120,431 ($104.42/sq ft). Landlord responsibilities are limited to specific roof and structural components. The tenant has a termination option for $130,000 within six months prior to January 31, 2028. This property presents a strong, stabilized investment with significant upside potential due to the long-term lease, corporate guarantee, and favorable location between Roanoke and Salem. The property is well-suited for investors seeking a low-maintenance, high-return investment with a strong tenant.