Single-Tenant NNN
1408 N Main Street, Marion, VA 24354
For Sale
Contact for pricing
The lease provides three five-year renewal options, with annual increases during the initial term and each option period.
Property SizeContact for details
Days on Market34
Property Features for 1408 N Main Street
General Information
Standard status
Property subtype
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Horvath & Tremblay Alexandria
Listed By:
Kyle Danielson · License VA #9538605
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 10 at 6:52AM
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 Horvath & Tremblay Alexandria
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Investment Insights
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Built in 2017, this single-tenant property is leased on a triple-net basis to Bojangles, which has subleased the premises to T-Mobile. More than six years remain in the primary lease term, followed by three five-year renewal options. Rent increases by 1.25% annually during the initial term and option periods.
The property is on North Main Street (US Highway 11) in Marion, near Smyth Valley Crossing and Walmart. Nearby retail and grocery destinations include Ingles Markets, Food City, Food Lion and Parkway Center. Interstate 81 is accessible via Marion’s exits, connecting the area with other communities in Southwest Virginia. The surrounding area also includes manufacturing and distribution uses, Smyth County Community Hospital, Emory & Henry’s Health Sciences Campus and area schools.
The property is on North Main Street (US Highway 11) in Marion, near Smyth Valley Crossing and Walmart. Nearby retail and grocery destinations include Ingles Markets, Food City, Food Lion and Parkway Center. Interstate 81 is accessible via Marion’s exits, connecting the area with other communities in Southwest Virginia. The surrounding area also includes manufacturing and distribution uses, Smyth County Community Hospital, Emory & Henry’s Health Sciences Campus and area schools.
Key Highlights
- Triple‑net lease to Bojangles, with the premises subleased to T‑Mobile
- Built in 2017; more than 6 years remain on the primary lease term
- Three 5‑year renewal options
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
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Business Placement
Demographics for 24354, VA
14,446
Population
6,929
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
119.7 sq mi
ZIP Area
121
Density / Sq Mi
$42,076
Median Household Income
$35,662
Median Earnings
$686
Median Rent
$142,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The lease provides three five-year renewal options, with annual increases during the initial term and each option period.
Where is this nnn property located?
The property is located at 1408 N Main Street Marion, VA.
What is the asking price?
The asking price for this property is $2,625,060.
What are key features of this property?
This property features: Triple‑net lease to Bojangles, with the premises subleased to T‑Mobile; Built in 2017; more than 6 years remain on the primary lease term; Three 5‑year renewal options
