220 Tightsqueeze Road
Chatham, VA 24531 ·
9,600 SF · Retail For Sale
NNN - Tightsqueeze Hardware (Do it Best)
|Building Size||9,600 SF||Tenancy||Single|
|Property Type||Retail||Year Built||1996|
Free Standing BldgMore...
|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|
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.
- Triple Net Lease
- Solid Local Tenant
- Great Outparcel Location
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.