4943 Valley View Blvd NW
Roanoke, VA 24012
Toys "R" Us / Babies "R" Us Ground Lease · Retail Property For Sale

Steve Horvath and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale, Toys "R Us/Babies "R" Us ground lease in Roanoke, VA. We welcome your review of this attractive investment. Highlights are as follows: ABSOLUTE NET GROUND LEASE | LONG LEASE | RENT BUMPS: The owner of the site will assume zero landlord responsibilities and have nearly 11 years of guaranteed term remaining on the lease. The owner will also benefit from a 7.5% rent increase in 2022 and 15% rent increases throughout each option period starting in 2027. GREAT LOCATION IN DENSE RETAIL AREA | MINIMAL SUBMARKET VACANCY: Valley View Mall (Belk, Macy' s, JCPenny, Sears, Barnes & Noble) is adjacent to the site. Other area tenants include: Walmart, Target, Sam' s Club, Lowe' s Home Improvement, Home Depot, Dick' s Sporting Goods, PetSmart, Ashley Furniture, Hampton Inn, and Hyatt Place among many others. STRONG DEMOGRAPHICS | GREAT ACCESS TO POPULATION DENSITY: Population and population growth within a 1, 3 and 5 mile radius are very strong for this area of Virginia as there are 140,000 people within 5 miles of the site. See overhead aerial to illustrate the density. HIGHLY TRAFFICKED MALL LOCATION: Interstate 581 (50,000 VPD) and Hershberger Rd (40,000 VPD) are the two roads that intersect closest the mall. Nearly 100,000 VPD travel around the mall and surrounding outparcels. SEASONED AND SUCCESSFUL STORE | RENOVATED SINCE OPENING: 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.