For Sale
$815,000

295 Charming RdDanville, VA 24541

19,200 SF Warehouse, NNN Lease, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 19,200-square-foot FedEx distribution center located at 295 Charming Rd, Danville, VA 24541, in Pittsylvania County. The property sits on a 3.39-acre lot and is currently leased to FedEx under a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The building features a fully insulated and heated interior with a sprinkler system. Ceiling heights range from 14 to 20 feet, providing ample storage space. Loading and unloading are facilitated by two loading docks (16'x12' and 10'x8') and two bay doors (12'x12' and 11'x14'). The building also includes office space, a breakroom, and restrooms. A significant upgrade was completed in 2023 with the installation of a brand-new septic tank and system. The current lease, initiated in 2016, has a term of five years with a five-year renewal option, extending to June 30, 2026, and a further five-year option thereafter. The annual rent is $55,440 ($4,620 per month). This property offers a strong, stable income stream with a long-term tenant in place, making it an attractive investment opportunity. The asking price is $815,000, resulting in a price per square foot of $42.45. The APN is 1368-65-6368.

Highlights

  • 19,200 SF FedEx distribution center on a 3.39-acre lot in Danville, VA.
  • Triple-net (NNN) lease with FedEx, expiring June 30, 2026, with a five-year renewal option.
  • Annual rent: $55,440 ($4,620/month); Asking price: $815,000 ($42.45/SF).
  • Features include 14-20' ceiling heights, two loading docks, two bay doors, office space, and a new septic system (2023).
  • APN: 1368-65-6368.

Property Details for 295 Charming Rd

Property type
Warehouses, Industrial properties
Square Feet
19,200 SF
Lot Size (sq. ft)
147,668 SF

Location Insight

City
Danville
County
Pittsylvania
State
Virginia
Latitude
36.6154016
Longitude
-79.5776397
295 Charming Rd, Danville, Virginia

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295 Charming Rd
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