Retail Outparcel NNN with Triple-Net
1431 Seminole Trail Charlottesville, VA 22901
For Sale
Contact for pricing
Single-tenant retail outparcel on a major U.S. Route 29 corridor with a Sleep Number triple-net lease and scheduled rent escalations.
Property Size3,000 SF
Price / SF$1,016
Days on Market101
Property Features for 1431 Seminole Trail
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing Agency:
Cottonwood Commercial
(540) 271-7525
Listed By:
Tim Reamer · License #VA 0225195571
Source:
Crexi
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 23 at 4:00PM
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 Cottonwood Commercial
Investment Insights
Based on property information with market context.
The property is a single-tenant retail outparcel totaling 3,000 square feet, leased to Select Comfort Retail Corporation d/b/a Sleep Number under a triple-net arrangement. The lease includes 10% rent escalations every five years through the initial term and both renewal options. Tenant obligations include real estate taxes, property insurance, and all maintenance costs paid as additional rent, while the landlord is responsible only for roof and structural components.
The outparcel is located along Seminole Trail (U.S. Route 29), described as one of the primary commercial corridors in the Charlottesville market, carrying approximately 55,000 vehicles per day. The property serves as an outparcel to Charlottesville Fashion Square, a 572,000-square-foot regional shopping center anchored by national retailers.
Nearby and adjacent retailers listed for the center area include Walmart, Lowe’s, Kroger, Costco, Trader Joe’s, ALDI, Whole Foods, HomeGoods, DSW, TJ Maxx, and Red Lobster.
The outparcel is located along Seminole Trail (U.S. Route 29), described as one of the primary commercial corridors in the Charlottesville market, carrying approximately 55,000 vehicles per day. The property serves as an outparcel to Charlottesville Fashion Square, a 572,000-square-foot regional shopping center anchored by national retailers.
Nearby and adjacent retailers listed for the center area include Walmart, Lowe’s, Kroger, Costco, Trader Joe’s, ALDI, Whole Foods, HomeGoods, DSW, TJ Maxx, and Red Lobster.
Key Highlights
- Single‑tenant retail outparcel on Seminole Trail (U.S. Route 29), a commercial corridor carrying approx. 55,000 vehicles per day
- Sleep Number operates under a triple‑net lease (tenant pays real estate taxes, property insurance, and all maintenance as additional rent)
- Landlord responsibility limited to roof and structural components only
Property Analytics
Location Intelligence
Current Use by Public Records
Venture Construction
Construction Company
Sleep Number
Furniture & Home Goods
FAQs
What type of property is this?
NNN property - Single-tenant retail outparcel on a major U.S. Route 29 corridor with a Sleep Number triple-net lease and scheduled rent escalations.
Where is this nnn property located?
The property is located at 1431 Seminole Trail Charlottesville, VA.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Single‑tenant retail outparcel on Seminole Trail (U.S. Route 29), a commercial corridor carrying approx. 55,000 vehicles per day; Sleep Number operates under a triple‑net lease (tenant pays real estate taxes, property insurance, and all maintenance as additional rent); Landlord responsibility limited to roof and structural components only
