Freestanding NNN Retail
For Sale
Contact for pricing
Pending
109 S College Dr, Franklin, VA 23851
Corporate net lease investment with limited landlord responsibilities and multiple renewal options.
Property SizeContact for details
Days on Market144
Property Features for 109 S College Dr
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
19,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
(480) 221-4221
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 4:34AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This freestanding NNN property is occupied by The Sherwin-Williams Company under a corporate-backed lease. More than 2 years remain in the firm term, followed by 4 (5-year) extension options. Contractual 8% rental increases apply at the start of each option period, while the net lease structure limits ongoing landlord obligations.
The property sits near the signalized intersection of S. College Drive and Armory Drive, with direct access to U.S. Highway 58. The surrounding retail corridor includes Walmart Supercenter, O’Reilly Auto Parts, ACE Hardware, AutoZone, Walgreens, and Lowe’s Home Improvement. The site also serves a nearby residential base that includes Holland Trace, Meadow Ridge, and Dorchester Square. Within 5 miles, the trade area includes more than 12,400 residents and 7,600 daytime employees, with average annual household income of $67,710.
The property sits near the signalized intersection of S. College Drive and Armory Drive, with direct access to U.S. Highway 58. The surrounding retail corridor includes Walmart Supercenter, O’Reilly Auto Parts, ACE Hardware, AutoZone, Walgreens, and Lowe’s Home Improvement. The site also serves a nearby residential base that includes Holland Trace, Meadow Ridge, and Dorchester Square. Within 5 miles, the trade area includes more than 12,400 residents and 7,600 daytime employees, with average annual household income of $67,710.
Key Highlights
- Corporate lease signed by The Sherwin‑Williams Company
- More than 2 years of firm lease term remain
- 4 (5‑year) option periods with 8% increases at each option
Property Analytics
Property Profile
Current Use
Lease Details
19,700 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Home Improvements & Furnishings 34%
Dining 21%
Groceries 7%
Lowe's
Home Improvements & Furnishings
20,005 visits/mo
0.5 miles
KFC
Dining
10,118 visits/mo
0.5 miles
Ace Hardware - Farmers Produce Co
Home Improvements & Furnishings
6,761 visits/mo
0.3 miles
Dollar General
Shops & Services
5,890 visits/mo
0.3 miles
Virginia ABC
Groceries
5,407 visits/mo
0.3 miles
Demographics for 23851, VA
13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value
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 - Corporate net lease investment with limited landlord responsibilities and multiple renewal options.
Where is this nnn property located?
The property is located at 109 S College Dr Franklin, VA.
What are key features of this property?
This property features: Corporate lease signed by The Sherwin‑Williams Company; More than 2 years of firm lease term remain; 4 (5‑year) option periods with 8% increases at each option
