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4102 Electric Rd 2,732 SF Retail Building Roanoke, VA 24018 $1,360,510 CAD ($497.99 CAD/SF)
Investment Highlights
- Strong Tenant
- Easy Access
- 37k Vehicles Daily
- On-Site Parking
- Visibility on Electric Road
- Monument Signage
Executive Summary
Nick Henritze & Will Henritze are proud to present 4102 Electric Road – This property offers a unique opportunity to own a fully leased asset at the forefront of Roanoke's most coveted commercial corridor.
Offering unparalleled visibility, enhanced by a monument sign, effortless access, and the convenience of on-site parking along busy Route 419 / Electric Road that sees 37,000 vehicles per day.
The Tenant has a 3 year NNN Lease ending EOY 2028, with 4 x 3-year renewal options. 3% annual escalations.
Offering unparalleled visibility, enhanced by a monument sign, effortless access, and the convenience of on-site parking along busy Route 419 / Electric Road that sees 37,000 vehicles per day.
The Tenant has a 3 year NNN Lease ending EOY 2028, with 4 x 3-year renewal options. 3% annual escalations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,732 SF
Building Class
C
Year Built
1976
Price
$1,360,510 CAD
Price Per SF
$497.99 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.21 AC
Zoning
C2
Parking
30 Spaces (10.98 Spaces per 1,000 SF Leased)
Frontage
78’ on Electric
Amenities
- Accent Lighting
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 077.19-01-13 | Improvements Assessment | $397,677 CAD |
| Land Assessment | $204,485 CAD | Total Assessment | $602,162 CAD |
Property Taxes
Parcel Number
077.19-01-13
Land Assessment
$204,485 CAD
Improvements Assessment
$397,677 CAD
Total Assessment
$602,162 CAD
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4102 Electric Rd
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