200-202 Marshall Dr
Christiansburg, VA 24073
Triangle Square · Retail Property For Sale

Triangle Square presents a fully leased, 14,659 SF multi-tenant retail center in Christiansburg, Virginia, strategically positioned along Peppers Ferry Road with 18,000 VPD and near US-460 with 40,000 VPD. The property benefits from shadow anchoring by a top-performing Walmart (Placer.ai Top 6% in Virginia) and is surrounded by a robust retail corridor featuring Target, Aldi, Chick-fil-A, and other national brands. This high-traffic location ensures strong visibility and consistent consumer draw.
The center is 100% occupied by a diverse tenant mix, including Aaron’s, Quest Diagnostics, Paradise Vape, Fur On The Mountain, and a Verizon Wireless rooftop lease. All tenants operate under NNN leases, minimizing landlord responsibilities and providing stable, predictable income. The property boasts a weighted average lease term of 5.6 years, offering long-term security for investors.
Recent capital improvements, including a new roof, parking lot, and HVAC systems, reduce near-term maintenance costs. With a list price of $2,575,319 and a 7.25% cap rate, Triangle Square offers an attractive investment opportunity with a net operating income of $186,711. Located within six miles of Virginia Tech and major employers, the property benefits from strong demographics, a growing population, and proximity to educational and healthcare hubs, making it a compelling addition to any investment portfolio.