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Builders FirstSource | Annual Increases 3488 SW Aerial Way Dr 44,150 SF Industrial Building Roanoke, VA 24018 $3,803,000 ($86.14/SF) 5.75% Cap Rate
Investment Highlights
- Recent Early Renewal | 12+Years Remaining | Options To Extend | 1.5% Annual Rental Increases | Below Market Rent
- Strategic Location | Easy Transportation Access
- Fee Simple Ownership | NNN Lease | Minimum Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• BFS Operations LLC d/b/a Builders FirstSource recently executed a lease amendment extending the term through June 2039, with two additional 5-year renewal options.
• The tenant has operated at the site for over 20 years, demonstrating strong commitment and long-term tenancy.
• The lease features 1.5% annual rent increases throughout the initial term, with CPI-adjusted increases at the commencement of each option period.
• The tenant is paying below-market rent at only $4.95/SF/Yr, providing future upside potential.
• The tenant has operated at the site for over 20 years, demonstrating strong commitment and long-term tenancy.
• The lease features 1.5% annual rent increases throughout the initial term, with CPI-adjusted increases at the commencement of each option period.
• The tenant is paying below-market rent at only $4.95/SF/Yr, providing future upside potential.
Property Facts
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Property Taxes
| Parcel Number | 521-0702 | Improvements Assessment | $1,597,900 |
| Land Assessment | $710,300 | Total Assessment | $2,308,200 |
Property Taxes
Parcel Number
521-0702
Land Assessment
$710,300
Improvements Assessment
$1,597,900
Total Assessment
$2,308,200
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Builders FirstSource | Annual Increases | 3488 SW Aerial Way Dr
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