NNN-Leased Office Building
For Sale
Contact for pricing
188 Summerfield Court, Roanoke, VA 24019
Absolute triple-net lease with zero landlord responsibilities and 2.5% annual increases over the remaining term.
Property SizeContact for details
Days on Market124
Property Features for 188 Summerfield Court
General Information
Standard status
Active
Property subtype
Office, Land
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Chris Sands · License #CA 01387583
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 8:00AM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
This for-sale office building is offered as an absolute triple-net (NNN) investment, with zero landlord responsibilities under the lease structure. The lease term is a 10-year agreement with 4 years remaining, and the lease provides for 2.5% annual increases.
The property is located in Roanoke, Virginia at 188 Summerfield Court, with access noted off Highway 220 Alt and quick access to I-81. Public remarks also indicate close proximity to other office users, including the Virginia House of Delegates, Blue Ridge Optical, Shenandoah Podiatry, and Carillion Wellness of Botetourt.
In addition to the existing improvements, the site is approved to construct an additional 6,000 SF office property. The current tenant, Roanoke Concrete Company, LLC, was acquired in 1992 by Titan American, a Titan Group business.
The property is located in Roanoke, Virginia at 188 Summerfield Court, with access noted off Highway 220 Alt and quick access to I-81. Public remarks also indicate close proximity to other office users, including the Virginia House of Delegates, Blue Ridge Optical, Shenandoah Podiatry, and Carillion Wellness of Botetourt.
In addition to the existing improvements, the site is approved to construct an additional 6,000 SF office property. The current tenant, Roanoke Concrete Company, LLC, was acquired in 1992 by Titan American, a Titan Group business.
Key Highlights
- Absolute triple‑net (NNN) lease with zero landlord responsibilities
- 2.5% annual increases built into the lease for the remaining term
- 4 years remaining on a 10‑year lease
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 24019, VA
27,630
Population
12,373
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
30.2 sq mi
ZIP Area
915
Density / Sq Mi
$75,329
Median Household Income
$46,626
Median Earnings
$1,207
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Office in Roanoke, VA
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net lease with zero landlord responsibilities and 2.5% annual increases over the remaining term.
Where is this nnn property located?
The property is located at 188 Summerfield Court Roanoke, VA.
What are key features of this property?
This property features: Absolute triple‑net (NNN) lease with zero landlord responsibilities; 2.5% annual increases built into the lease for the remaining term; 4 years remaining on a 10‑year lease
