This property is Off-Market

220 Tightsqueeze Road
Chatham, VA 24531 ·

9,600 SF · Retail For Sale

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NNN - Tightsqueeze Hardware (Do it Best)

Price N/A Cap Rate 10.50%
Building Size 9,600 SF Tenancy Single
Property Type Retail Year Built 1996
Property Sub-type
Free Standing Bldg
More...
  • Retail Pad
Lot Size 0.72 AC
Property Use Type Net Lease Investment with 2 years left on lease APN / Parcel ID 11100-0A-00-0004-E
Listing ID: 16233342 Date Created: 05/12/2009 Last Updated: 11/06/2009

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.

Highlights

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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