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4102 Electric Rd
Roanoke, VA 24018
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Tenant
- Easy Access
- 37k Vehicles Daily
- On-Site Parking
- Visibility on Electric Road
- Monument Signage
EXECUTIVE SUMMARY
Nick Henritze & Will Henritze are proud to present 4102 Electric Road – This property offers a unique opportunity to own a fully leased asset at the forefront of Roanoke's most coveted commercial corridor.
Offering unparalleled visibility, enhanced by a monument sign, effortless access, and the convenience of on-site parking along busy Route 419 / Electric Road that sees 37,000 vehicles per day.
The Tenant has a 3 year NNN Lease ending EOY 2028, with 4 x 3-year renewal options. 3% annual escalations.
Offering unparalleled visibility, enhanced by a monument sign, effortless access, and the convenience of on-site parking along busy Route 419 / Electric Road that sees 37,000 vehicles per day.
The Tenant has a 3 year NNN Lease ending EOY 2028, with 4 x 3-year renewal options. 3% annual escalations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,732 SF
Building Class
C
Year Built
1976
Price
$1,000,000
Price Per SF
$366.03
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.21 AC
Zoning
C2
Parking
30 Spaces (10.98 Spaces per 1,000 SF Leased)
Frontage
78’ on Electric
AMENITIES
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 077.19-01-13 | Improvements Assessment | $292,300 |
| Land Assessment | $150,300 | Total Assessment | $442,600 |
PROPERTY TAXES
Parcel Number
077.19-01-13
Land Assessment
$150,300
Improvements Assessment
$292,300
Total Assessment
$442,600
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