1401 Jamison Ave SE, Roanoke, VA 24013

Listing agent Joel Cukier License #02005095

Listing office Malchus Real Estate

Listing date Jun 16, 2026

Source Crexi

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Overview

This property is an Arby’s restaurant built in 1990 and renovated in 2015. The site includes a 2,820-square-foot restaurant building on 0.66 acres. The lease structure is described as “Absolute NNN,” meaning the tenant assumes zero landlord responsibilities. The lease is corporate guaranteed and has a term through January 31, 2038, supporting long-duration occupancy.

The restaurant is located along a high-visibility corridor with approximately 60,000 bidirectional vehicles per day, according to the provided remarks. It also has convenient access to Downtown Roanoke, major employers, healthcare facilities, and surrounding residential neighborhoods, supporting day-to-day retail traffic.

For investors, the offering provides a passive, net lease structure with contractual rent growth described as 10% increases every five years. The property’s investment highlights in the remarks include an annual NOI of $129,470 and an indicated 5.75% cap rate, based on the information provided. This combination of an absolute NNN framework, long lease term through 2038, and scheduled increases is designed to fit buyers seeking a stable, long-term leased income profile.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Location Insight

• Map
• Local Demand

City

Roanoke

County

Salem

State

Virginia

Longitude

-79.9199487

Latitude

37.2717791

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FAQs

What type of property is this?

Conventional restaurant - Absolute NNN lease with a corporate-guaranteed tenant provides long-term income backed by scheduled rent growth.

Where is this conventional restaurant located?

The property is located at 1401 Jamison Ave SE Roanoke, VA.

What is the asking price?

The asking price for this property is $2,251,652.

What are key features of this property?

This property features: Absolute NNN lease with corporate‑guaranteed Arby’s tenant; Lease term runs through January 31, 2038; Scheduled 10% rent increases every 5 years