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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
| Parcel Number | 77774 | Improvements Assessment | $215,900 |
| Land Assessment | $71,000 | Total Assessment | $286,900 |
Property Taxes
Parcel Number
77774
Land Assessment
$71,000
Improvements Assessment
$215,900
Total Assessment
$286,900
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