1122 W Main St | Salem, VA 24153
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- LoopNet Team
1122 W Main St
Salem, VA 24153
Chipotle · Retail Property For Sale
Investment Highlights
- Approximately 13.4 years left on the 15-year primary term
- Dedicated drive-thru “Chipotlane”
- Plethora of surrounding retail includes Lowe’s Home Improvement, Chick-fil-A, McDonald’s, Starbucks, Burger King, Big Lots, Tractor Supply Co.
- 10% rental increases every five years, including four 5-year option periods
- Traffic counts exceed 25,000 VPD
- Desirable sub-market of Roanoke, the largest city in Southwest Virginia - Award-winning for its livability, healthcare and educational systems
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,880 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.50 AC
Zoning
HBD
Frontage
167’ on W. Main
Property Taxes
| Parcel Number | 141-2-4 | Improvements Assessment | $868,000 |
| Land Assessment | $560,800 | Total Assessment | $1,428,800 |
Property Taxes
Parcel Number
141-2-4
Land Assessment
$560,800
Improvements Assessment
$868,000
Total Assessment
$1,428,800
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