NNN Property with Long-Term
1001 Church street East, Martinsville, VA 24112
For Sale
Contact for pricing
A national auto parts retailer occupies the property under a triple-net lease with extension options.
Property SizeContact for details
Days on Market30
Property Features for 1001 Church street East
General Information
Standard status
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Cap Rate
Tenant in Place
Building Details
Tenancy
Listing Agency:
Piedmont Realty
Listed By:
Lee Clark · License VA #0225265240
(276) 403-1700
Source:
Crexi
Added: Oct 11
Changed: Nov 8
Last Checked: Nov 8 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Piedmont Realty
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Investment Insights
Based on property information with market context.
Located at 1001 Church Street East in Martinsville, the property is leased to a national auto parts retailer under a triple-net structure. The current lease runs through January 1, 2034, and includes two five-year extension options with rent increases. Public utilities, including natural gas, serve the site.
The property sits at a signalized intersection on US Route 58 and has more than 35 parking spaces. The stated cap rate is 6.64%.
The property sits at a signalized intersection on US Route 58 and has more than 35 parking spaces. The stated cap rate is 6.64%.
Key Highlights
- Leased to a national auto parts retailer under a triple‑net structure
- Lease runs through January 1, 2034, with two five‑year extensions and rent increases
- Signalized intersection on US Route 58
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Burger King
Dining
11,574 visits/mo
0.4 miles
Family Dollar
Shops & Services
11,293 visits/mo
0.3 miles
Long John Silver's
Dining
10,710 visits/mo
0.3 miles
Demographics for 24112, VA
30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A national auto parts retailer occupies the property under a triple-net lease with extension options.
Where is this nnn property located?
The property is located at 1001 Church street East Martinsville, VA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Leased to a national auto parts retailer under a triple‑net structure; Lease runs through January 1, 2034, with two five‑year extensions and rent increases; Signalized intersection on US Route 58
