7335-7351 Lee Hwy | Radford, VA 24141
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7335-7351 Lee Hwy
Radford, VA 24141
Fairlawn 4 · Retail Property For Sale
Executive Summary
PREMIER LOCATION: Located at signalized intersection seeing over 21,000 vehicles per day. Proximity to Lowe’s & Walmart Supercenter.
HIGH GROWTH MARKET: New construction Cookout, Chipotle, Starbucks, Long-John’s Silver’s, Whistle Express Car Wash.
TENANTS COMMITMENT TO THIS LOCATION: Multiple tenants have recently signed new leases or have extended their leases for 5 years.
LIMITED LANDLORD RESPONSIBILITIES: Brand-new roof. Tenants reimburse for pro-rata share of expenses.
RENT GROWTH: Each tenant has rental increases in the next 12 months. Allows for higher yield in short amount of time with limited expenses. New construction retail in area leading to increased rents, giving future owner rental upside.
LEASE CONVERSIONS: Two tenants are converting from Gross to Net Leases.
PROXIMITY TO LARGE EMPLOYERS & UNIVERSITIES: Surrounded by Virginia Tech, Radford University, Radford Army Base, & Volvo Auto Manufacturing.
HIGH GROWTH MARKET: New construction Cookout, Chipotle, Starbucks, Long-John’s Silver’s, Whistle Express Car Wash.
TENANTS COMMITMENT TO THIS LOCATION: Multiple tenants have recently signed new leases or have extended their leases for 5 years.
LIMITED LANDLORD RESPONSIBILITIES: Brand-new roof. Tenants reimburse for pro-rata share of expenses.
RENT GROWTH: Each tenant has rental increases in the next 12 months. Allows for higher yield in short amount of time with limited expenses. New construction retail in area leading to increased rents, giving future owner rental upside.
LEASE CONVERSIONS: Two tenants are converting from Gross to Net Leases.
PROXIMITY TO LARGE EMPLOYERS & UNIVERSITIES: Surrounded by Virginia Tech, Radford University, Radford Army Base, & Volvo Auto Manufacturing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
17,400 SF
Building Class
B
Year Built
2005
Price
$3,020,281 CAD
Price Per SF
$174 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.37 AC
Zoning
CM1
PROPERTY TAXES
| Parcel Number | 22346 | Improvements Assessment | $1,680,012 CAD |
| Land Assessment | $1,007,024 CAD | Total Assessment | $2,687,036 CAD |
PROPERTY TAXES
Parcel Number
22346
Land Assessment
$1,007,024 CAD
Improvements Assessment
$1,680,012 CAD
Total Assessment
$2,687,036 CAD
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
