This Office Property is no longer advertised on LoopNet.com.

216 Collins Dr
Danville, VA 24540
Office Property For Sale

Investment Highlights

  • New 15-year Absolute Net ground lease provides passive ownership and stable cash flow
  • 8% rental escalations every 5 years through base term and option periods provide income growth and hedge against inflation
  • High-growth operator (28 existing units with 11 in development) with full term guaranty
  • High Profile location in close proximity to other national tenants such as Target, the Home Depot and Marshalls
  • Attractive low rent ground lease priced below replacement cost
  • Excellent access and visibility

Property Facts

Property Type
Office
Building Size
1,750 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,750 SF
Building FAR
0.10
Lot Size
0.41 AC
Zoning
PSC - Commercial

Property Taxes

Property Taxes

Parcel Number
77774
Land Assessment
$71,000
Improvements Assessment
$215,900
Total Assessment
$286,900
  • Listing ID: 31902127

  • Date on Market: 5/23/2024

  • Last Updated:

  • Address: 216 Collins Dr, Danville, VA 24540

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