Historical Retail Sale Listing - NNN - Tightsqueeze Hardware (Do it Best)

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NNN - Tightsqueeze Hardware (Do it Best)

220 Tightsqueeze Road, Chatham, VA 24531

N/A

9,600 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,600 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Retail Pad
Property Use Type:
Net Lease Investment with
2 years left on lease
Cap Rate:
10.50%
Tenancy:
Single
Year Built:
1996
Lot Size:
0.72 AC
APN / Parcel ID:
11100-0A-00-0004-E
Listing ID
16233342
Last Updated
over 1 year ago

Highlights

  • Triple Net Lease
  • Solid Local Tenant
  • Great Outparcel Location

Description

Triple Net investment opportunity with solid local tenant located in the retail hub of Chatham, VA. Tenant pays all expenses with Landlord responsible for roof and structural. 9,600 SF building is leased by Tightsqueeze Hardware (Do it Best) who has been operating in this location since 1996. The tenant just exercised its first 2-year lease extension option from 7/1/09 to 6/30/11, and has three (3) more two-year option periods. Lease has 4% annual escalations. Property is located on an outparcel to the adjacent Food-Lion anchored shopping center. Nearby retailers include: Advance Auto, Pizza Hut, Roses Express, Dollar General, McDonalds, Hardees, BB&T, and a newly built free-standing CVS drugstore. Tenant provides hardware supplies, equipment rental, engine repair, and garden center services to the surrounding local community. Closest Big-Box hardware store competitor is 15 miles away in Danville, VA.

Located on Route 29 at Tightsqueeze Plaza between Chatham and Danville. Area is emerging as the retail corridor for the surrounding neighborhoods and daily commuter traffic.

Map of 220 Tightsqueeze Road, Chatham, VA 24531 (Pittsylvania County)

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