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    1860 Stoneridge Commerce Dr Powhatan, VA

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    For Sale
    $2,425,200

    Corporately guaranteed Strickland Brothers with 14+ years remaining.

    Property size:
    1,735 SF
    Lot size:
    3.58 Acres

    Property Features for 1860 Stoneridge Commerce Dr

    General Information

    Size
    1,735 SF
    Lot size
    3.58 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Steelman Juarez

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

    Overview

    Strickland Brothers NNN Lease Property

    This property is corporately guaranteed by Strickland Brothers, with over 14 years remaining in the primary term. The absolute NNN lease structure assigns zero landlord responsibilities. The lease includes a 10% rental increase every 5 years throughout the primary term and option periods. Located adjacent to a Walmart Supercenter, the property benefits from proximity to retailers such as Dollar Tree, Goodwill, Burger King, and AutoZone. It offers excellent visibility on Anderson Highway, which sees approximately 35,000 vehicles daily. The surrounding area has a rapidly growing population within a 5-mile radius, with a 51.80% growth rate from 2010 to 2024 and an average household income exceeding $174,000. Founded in 2016, Strickland Brothers currently operates approximately 250+ locations. The property is suitable for auto shops, automotive retail, NNN properties, and specialty retail.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Similar Places Nearby

    Indigo Auto Care LLC, County Line Tire, Strickland Brothers 10 Minute Oil Change

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.9188889
    Latitude
    37.5420482

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    FAQs

    What type of property is this?
    Auto shop - Corporately guaranteed Strickland Brothers with 14+ years remaining.
    Where is this auto shop located?
    The property is located at 1860 Stoneridge Commerce Dr Powhatan, VA.
    What is the asking price?
    The asking price for this property is $2,425,200.
    What are key features of this property?
    This property features: - Corporately Guaranteed Strickland Brothers Lease With 14+ Years Remaining; - Absolute NNN Lease With Zero Landlord Responsibilities; - Enjoy 10% Rental Increase Every 5 Years
    (817) 304-8916
    Request Owner's contact information
    1860 Stoneridge Commerce Dr Powhatan, VA
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1860 Stoneridge Commerce Dr Powhatan, VA
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