4943 4943 Valley View Boulevard N.W. Blvd NW
Roanoke, VA 24012
Retail Property For Sale

Investment Highlights Nationally recognized tenant, Toys "R" Us Great location in dense retail area with minimal submarket vacancy Absolute net ground lease 15% Option Rent Increases Strong demographics with great access to population density Investment OverviewOffering is for an absolute net ground lease occupied by Toys "R" Us located in Roanoke, VA. The ground lease owner will assume zero landlord responsibilities and have over 10 years of guaranteed term remaining on the ground lease, as the tenant recently extended the lease. The owner will also benefit from a 7.5% rent increase in 2022 and 15% rent increase throughout each option period starting in 2027. Toys "R" Us has been successfully operating at this location since 1986 and recently extended their lease to expire in 2027. Furthermore, the tenant has done a significant renovation to the site since store opening, investing substantial money in the building. Therefore, the ground lease owner intrinsically has more price protection and upside relative to total replacement cost. The site is situated on a mostly all-usable 4.43 acre site. Valley View Mall, a highly trafficked mall, is adjacent to the site. Other area Other area tenants include: Walmart, Target, Sam's Club, Lowe's Home Improvement, Home Depot, Dick's Sporting Goods, among many others. Consumers driving in to the mall must take one of the three routes from either main road in order to access mall parking. One of those three routes entails passing the site, which creates exceptional visibility. Interstate 581 (50,000 VPD) and Hershberger Road (40,000 VPD) are the two roads that intersect closet to the mall. Nearly 100,000 VPD travel around the mall and surrounding outparcels. With such strong tenants, traffic numbers, and demographics in the immediate area, the site has become a highly desirable outparcel to Valley View Mall.