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6926 Peters Creek Rd
Roanoke, VA 24019
Office Property For Sale
Investment Highlights
- Single-tenant property leased to Verizon Authorized Retailer under a long-term agreement through June 2030.
- Located along a high-traffic corridor with easy access to Interstate 81 and Interstate 581.
- Offered at $615,000 with a 6.97% cap rate, providing stable investment income.
- Renovated in 2017 and situated on 0.83 acres with 24 surface parking spaces.
- Positioned near the Roanoke-Blacksburg Regional Airport and major retail destinations.
- Zoned C-2, supporting a variety of commercial uses.
Executive Summary
6926 Peters Creek Road presents an attractive single-tenant net lease investment opportunity in Roanoke, Virginia. The property is leased to Cellular Sales of Virginia, LLC, operating as a Verizon Authorized Retailer, a well-established tenant with a strong national brand presence. Verizon has occupied the property since 2017 and recently exercised its first option period, extending the lease through June 30, 2030, providing long-term income stability for investors.
The building encompasses 2,420 square feet and sits on 0.83 acres, offering 24 surface parking spaces. Renovated in 2017, the property is well-maintained and positioned along heavily trafficked Peters Creek Road, ensuring excellent visibility and accessibility. The site benefits from immediate proximity to Interstate 81 and Interstate 581, as well as the Roanoke-Blacksburg Regional Airport, making it a convenient destination for customers.
Offered at $615,000 with a 6.97% cap rate, this property provides a compelling opportunity for investors seeking a reliable income stream from a creditworthy tenant in a growing retail corridor.
The building encompasses 2,420 square feet and sits on 0.83 acres, offering 24 surface parking spaces. Renovated in 2017, the property is well-maintained and positioned along heavily trafficked Peters Creek Road, ensuring excellent visibility and accessibility. The site benefits from immediate proximity to Interstate 81 and Interstate 581, as well as the Roanoke-Blacksburg Regional Airport, making it a convenient destination for customers.
Offered at $615,000 with a 6.97% cap rate, this property provides a compelling opportunity for investors seeking a reliable income stream from a creditworthy tenant in a growing retail corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,420 SF
Building Class
B
Year Built
1955
Price
$615,000
Price Per SF
$254.13
Cap Rate
6.97%
NOI
$42,866
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,420 SF
Building FAR
0.07
Lot Size
0.83 AC
Zoning
C2CS
Parking
24 Spaces (9.92 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 027.10-05-07 | Improvements Assessment | $199,500 |
| Land Assessment | $161,000 | Total Assessment | $360,500 |
Property Taxes
Parcel Number
027.10-05-07
Land Assessment
$161,000
Improvements Assessment
$199,500
Total Assessment
$360,500
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