For Sale
$2,730,000
50 Lodge Ln Verona, VA 24482
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- New construction Starbucks, 2,500 SF, opening 10/1/2024.
- Rare 10-year, self-maintaining lease with six 5-year options; minimal landlord responsibilities (parking lot & structure).
- 10% annual rent increases throughout the initial term and each option period. Current annual rent: $168,000.
- Investment-grade tenant (Starbucks) corporate guarantee.
- Excellent visibility and high traffic location on I-81 (59,000 VPD).
- Limited competition; nearest Starbucks is 6 miles away.
Property Details for 50 Lodge Ln
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,500 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 43,560 SF
- Units
- 1
Location Insight
- City
- Verona
- County
- Augusta
- State
- Virginia
- Latitude
- 38.19504496
- Longitude
- -79.00012783
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 50 Lodge Ln Verona, VA.
- What is the asking price?
- The asking price for this property is $2,730,000.
- What are key features of this property?
- This property features: New construction Starbucks, 2,500 SF, opening 10/1/2024.; Rare 10-year, self-maintaining lease with six 5-year options; minimal landlord responsibilities (parking lot & structure).; 10% annual rent increases throughout the initial term and each option period. Current annual rent: $168,000.
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