Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

914 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

SLEEP NUMBER-SEMINOLE TRAIL, CHARLOTTESVILLE 1431 Seminole Trl 3,000 SF Retail Building Charlottesville, VA 22901 $4,178,500 CAD ($1,392.83 CAD/SF) 6.16% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Publicly Traded Corporate Tenant on NNN Lease
Premier University Market Adjacent to the University of Virginia
Price: $3,050,000 | Cap: 6.16% (2027)

High-Traffic Seminole Trail Corridor with 55,000 AADT
New Construction with Future Development

Executive Summary

The property is situated along Seminole Trail (U.S. Route 29), one of the primary commercial corridors in the Charlottesville market, carrying approximately 55,000 vehicles per day. The subject property is an outparcel to Charlottesville Fashion Square, a 572,000sf regional shopping center anchored by national retailers. Adjacent and nearby tenants include Walmart, Lowe’s, Kroger, Costco, Trader Joe’s, ALDI, Whole Foods, HomeGoods, DSW, TJ Maxx, and Red Lobster. Select Comfort Retail Corporation, d/b/a Sleep Number (NASDAQ: SCSS), operates under a triple-net lease with 10% rent escalations every five years through the initial term and both renewal options. The Tenant is responsible for real estate taxes, property insurance, and all maintenance costs as additional rent. The Landlord retains responsibility for roof and structural components only. Sleep Number’s publicly traded status provides financial transparency and corporate accountability that private tenants cannot offer.

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

$4,178,500 CAD

Price Per SF

$1,392.83 CAD

Cap Rate

6.16%

NOI

$257,396 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
-
$9.99
Lorem Ipsum
Jan 0000

At Sleep Number®, their purpose is to improve the health and wellbeing of society. They are committed to advancing sleep health; linking smart sleep to individualized wellness through innovation that is informed by data and scientific expertise. Sleep Number is a wellness technology company. They are guided by their purpose to improve the health and wellbeing of society through higher quality sleep; to date, their innovations have improved lives. Their wellness technology platform helps solve sleep problems, whether it’s providing individualized temperature control for each sleeper through their Climate360 smart bed or applying their hours of longitudinal sleep data and expertise to research with global institutions. Their smart bed ecosystem drives best-in-class engagement through dynamic, adjustable, and effortless sleep with personalized digital sleep and health insights; their millions of Smart Sleepers are loyal brand advocates.