3938 Melrose Ave NW | Roanoke, VA 24017
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- LoopNet Team
3938 Melrose Ave NW
Roanoke, VA 24017
Popeyes | New 20-Yr Abs NNN w/ Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 20-Year Absolute NNN Lease w/ 8% Increases Every 5-Years
- Experienced 200-Unit Operator of Popeyes, Dunkin, Arby’s, Taco Bell
- Over 150,000 Residents within 5-Miles of the Subject Property
- New Long-Term Lease Shows Tenant’s Commitment to Location
- Traffic Counts Exceed 17,500 Vehicles Per Day
- Popeyes Sales Up 24% Q2 2020 (During COVID-19)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built/Renovated
2010/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.55 AC
Zoning
CN
Parking
18 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 276-1901 | Improvements Assessment | $490,700 |
| Land Assessment | $139,100 | Total Assessment | $629,800 |
PROPERTY TAXES
Parcel Number
276-1901
Land Assessment
$139,100
Improvements Assessment
$490,700
Total Assessment
$629,800
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