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Sleep Number NNN 1431 Seminole Trl 3,000 SF Retail Building Charlottesville, VA 22901 $3,692,073 CAD ($1,230.69 CAD/SF) 6.50% Cap Rate

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Investment Highlights

Triple-Net Tenant with 2027 Upside
Market Area Supported by Major Public University

High-Traffic Commercial Corridor
New Construction with Future Development Flexibility

Executive Summary

This 0.9-acre triple-net site is outparcel to Charlottesville Fashion Square and is positioned along one of the market's premier retail corridors. Seminole Trail (U.S. 29), the site’s primary access road, carries over 55,000 VPD with dense co-tenancy including Walmart, Costco, and Whole Foods. The lease features 10% rent escalations every five years with tenant responsibility for taxes, insurance, and maintenance, while the University of Virginia's $5.9 billion regional economic impact anchors long-term demand. The PD-SC zoned site also includes a future developable pad, offering investors a value-add opportunity alongside stable NNN cash flow.

VA-Charlottesville - 1431 Seminole Trail_OM

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,000 SF

Building Class

Year Built

2022

Price

$3,692,073 CAD

Price Per SF

$1,230.69 CAD

Cap Rate

6.50%

NOI

$239,985 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

0.91 AC

Zoning

Parking

10 Spaces (3.33 Spaces per 1,000 SF Leased)

Retailer
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Sleep Number began in 1987 as Select Comfort and adopted the Sleep Number name in 2017. Sleep Number focuses on adjustable mattresses and bedding, and the company’s current product lineup also includes pillows, bases, furniture, and other sleep accessories. Sleep Number also centers the business on sleep science and data-driven product research, using smart-bed technology and research collaborations to study sleep quality and related health outcomes. Sleep Number maintains a significant retail presence in the United States and continues to update the mattress portfolio with new collections designed to adapt to changing comfort needs.