Absolute NNN Retail
New
For Sale
$5,913,043
1700 Seminole Trl, Charlottesville, VA 22901
Freestanding retail investment with a CVS-backed lease and no landlord operating responsibilities.
Property Size11,945 SF
Lot Size1.54 Acres
Price / SF$495.02
Days on Market2
Property Features for 1700 Seminole Trl
General Information
Standard status
Active
Size
11,945 SF
Lot size
1.54 Acres
Property subtype
Commercial
Lease Term
±17 YRS
Net Operating Income
$340,000
Additional Details
Traffic Count
69,400 vehicles/day
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services - Corporate
Listed By:
Tanner Sanford · License #370826 (TN)
(865) 419-0016
Source:
Matthews
Added: Sep 22
Last Checked: Sep 22 at 1:46PM
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 Matthews Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
Built in 2016, the property comprises approximately 11,945 square feet on approximately 1.54 acres. The asset is subject to an absolute NNN ground lease, placing landlord responsibilities with the tenant under the stated lease structure. The lease is backed by CVS and includes over approximately 17 years remaining in the base term, followed by 25 years of options.
The property is located at 1700 Seminole Trl in Charlottesville, Virginia, across from Fashion Square Mall and Albemarle Square Shopping Center. The surrounding corridor records approximately 69,400 VPD. Scheduled lease escalations include a 15% increase in 2036 and 10% increases during each option period.
The property is located at 1700 Seminole Trl in Charlottesville, Virginia, across from Fashion Square Mall and Albemarle Square Shopping Center. The surrounding corridor records approximately 69,400 VPD. Scheduled lease escalations include a 15% increase in 2036 and 10% increases during each option period.
Key Highlights
- Absolute NNN ground lease with zero landlord responsibilities
- Approximately 11,945 SF building on approximately 1.54 acres
- CVS‑backed lease with over approximately 17 years remaining in the base term
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
69,400 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
554k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 31%
Dining 28%
Shops & Services 26%
Groceries 11%
Belk
Apparel
52,550 visits/mo
0.4 miles
Chick-fil-A
Dining
52,238 visits/mo
0.4 miles
T.J. Maxx
Apparel
39,954 visits/mo
0.4 miles
Kroger
Groceries
36,601 visits/mo
0.4 miles
Sierra
Apparel
36,497 visits/mo
0.4 miles
Demographics for 22901, VA
36,938
Population
17,648
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
94%
High-School Grad
52.2 sq mi
ZIP Area
708
Density / Sq Mi
$91,154
Median Household Income
$53,766
Median Earnings
$1,612
Median Rent
$473,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail investment with a CVS-backed lease and no landlord operating responsibilities.
Where is this nnn property located?
The property is located at 1700 Seminole Trl Charlottesville, VA.
What is the asking price?
The asking price for this property is $5,913,043.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities; Approximately 11,945 SF building on approximately 1.54 acres; CVS‑backed lease with over approximately 17 years remaining in the base term
