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3607 Williamson Rd Roanoke, VA 24012

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For Sale
$1,571,428

Strong NN Lease, Major Retailer, 7% CAP

Property size:
8,772 SF

Property Features for 3607 Williamson Rd

General Information

Property type
Retail properties & Spaces
Square Feet
8,772 SF

Building Details

Year Built
1960

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Listing Contact
John A Bowman
John A Bowman

Listing Agency: Old Dominion Realty, Inc. Listing Agent: John A Bowman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional retail property, located at 3607 Williamson Road in Roanoke, Virginia, presents a compelling investment opportunity. The 8,772 square foot building sits on a prime corner lot at the intersection of Williamson Road and Oakland Boulevard, benefiting from high visibility and excellent traffic flow. A significant strength of this offering is the strong, net-net lease in place with a major retailer. This lease provides security and predictable income streams. The current lease term includes a new 5-year lease and two additional 5-year renewal options, ensuring long-term stability for the investor. The landlord's responsibilities are limited to roof and HVAC repairs exceeding $2,500, significantly reducing operational burdens. The tenant is responsible for all property taxes and insurance, further minimizing expenses for the owner. The property currently offers a compelling 7% capitalization rate on net income, making it an attractive addition to any diversified portfolio. This is a rare opportunity to acquire a well-located, stable, and high-yielding retail investment in a thriving Roanoke market. The property's strategic location and the strength of the existing lease make this an exceptional investment prospect. Don't miss this chance to secure a reliable income stream with significant long-term potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Aaron's Rent To Own Furniture & Home Goods

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Roanoke
County
ROANOKE CITY
State
Virginia
Longitude
-79.94459
Latitude
37.30383

FAQs

What type of property is this?
Retail property - Strong NN Lease, Major Retailer, 7% CAP
Where is this retail property located?
The property is located at 3607 Williamson Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $1,571,428.
More about this property
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