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265 Princeton Rd
Danville, VA 24541
J. Rayl Truck Terminal Sale-Leaseback · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in Danville, Virginia
  • 10% Rent Increases Every 5 Years Provides NOI Growth Over Term & Inflation Hedge
  • Corporate Guaranty Backed by Company with 34-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
  • Offering Includes 9.3-Acre Site with 4,480 SF Building
  • Low Rent Factor – Approx. $22,500/Acre Annual Rent
  • Long-Term 20-Year Initial Lease Term & Six, Five-Year Options Thereafter with Continued Rent Increases

PROPERTY FACTS

Property Type Industrial
Property Subtype
Truck Terminal
  • Industrial Distribution
  • Industrial Truck Terminal
Building Class C
Lot Size 9.34 AC
Rentable Building Area 4,480 SF
No. Stories 1
Year Built 1956
Tenancy Single
Parking Ratio 37.5/1,000 SF
Clear Ceiling Height 21’
No. Dock-High Doors/Loading 8
No. Drive In / Grade-Level Doors 1
Zoning R-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1395-69-6234
Land Assessment
$50,400
Improvements Assessment
$168,800
Total Assessment
$219,200
  • Listing ID: 27033694

  • Date on Market: 11/3/2022

  • Last Updated:

  • Address: 265 Princeton Rd, Danville, VA 24541

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