NNN Retail
New
For Sale
$799,000
1001 E Church Street, Martinsville, VA 24112
Commercial Sale, Martinsville, VA
Property Size6,881 SF
Lot Size4.53 Acres
Price / SF$116.12
Days on Market5
Property Features for 1001 E Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Martinsville
Standard status
Active
Size
6,881 SF
Lot size
4.53 Acres
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
Piedmont Realty
(276) 403-1114
Listed By:
Lee Clark
(276) 403-1700
Added: Oct 10
Last Checked: Oct 14 at 8:06PM
MLS# 150696
Copyright © 2026 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,881-square-foot retail property was built in 2000 and sits on 4.53 acres. The property has more than 35 parking spaces and is leased to a national auto parts retailer under a triple-net structure. The lease runs through January 1, 2034, with two five-year extension options and rent increases.
The property is at a signalized intersection at 1001 E Church Street in Martinsville, Virginia. Financial metrics provided include a 6.64% cap rate and a 9.62% discount rate; gross yield is projected to range from 7.51% to 9.50% over time.
The property is at a signalized intersection at 1001 E Church Street in Martinsville, Virginia. Financial metrics provided include a 6.64% cap rate and a 9.62% discount rate; gross yield is projected to range from 7.51% to 9.50% over time.
Key Highlights
- 6,881‑square‑foot property on 4.53 acres
- Triple‑net lease to a national auto parts retailer through January 1, 2034
- Two five‑year extension options, with rent increases
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Circle K
Shops & Services
12,525 visits/mo
0.1 miles
Hardee's
Dining
11,719 visits/mo
0.2 miles
Burger King
Dining
11,574 visits/mo
0.2 miles
Family Dollar
Shops & Services
11,293 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A national auto parts retailer occupies the site under a long-term triple-net lease.
Where is this nnn property located?
The property is located at 1001 E Church Street 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: 6,881‑square‑foot property on 4.53 acres; Triple‑net lease to a national auto parts retailer through January 1, 2034; Two five‑year extension options, with rent increases
