For Sale
$5,720,000
3250 Electric RdRoanoke, VA 24014
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- 20-Year Absolute Triple Net (NNN) Sale-Leaseback with Corporate Guaranty.
- Strong corporate guaranty from Ultimate Shine Virginia HoldCo LLC, covering 21+ units, projected to expand to 30+ by 2025.
- Annual rent escalations of 1.50%.
- Four 5-year tenant renewal options, extending the potential lease term to 40 years.
- Significant tax benefits available through 60% bonus depreciation and 15-year accelerated depreciation.
Property Details for 3250 Electric Rd
- Property type
- Specialty properties, Retail properties
- Square Feet
- 5,106 SF
- Year Built
- 2023
- Lot Size (sq. ft)
- 44,867 SF
Location Insight
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Latitude
- 37.2337564
- Longitude
- -79.9712168
3250 Electric Rd, Roanoke, Virginia
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