Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Little Caesars in Collinsville, VA Title is generated by Realmo AI

    3460 Virginia Avenue, Collinsville, VA 24078

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,131,630

    Single tenant Little Caesars with drive-thru on hard corner.

    Type:Retail
    Added:
    Mar 5, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 3460 Virginia Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Marko Miroslavski
    Marko Miroslavski

    Listing agent Marko Miroslavski License #MI #6501443387

    Listing office Legacy Real Estate Advisors

    Listing date Mar 5, 2026

    Source Legacycrea

    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 Legacy Real Estate Advisors

    HighLights

    • Absolute NNN Lease with 5+ Years Remaining and Zero Landlord Responsibilities
    • Single Tenant Free Standing Little Caesars Pizza with Drive‑Thru
    • Located on a Hard Corner in a Dense Retail Corridor
    • Dense Demographics: 2,000+ People within 1 Mile Radius
    • Strong Unit Level & Corporate Level Financials (Contact Broker for Details)
    • Little Caesars is a Well‑Established Brand with Over 5,460 Locations

    Overview

    This is a single tenant, free-standing Little Caesars Pizza restaurant located in Collinsville, Virginia. The property is situated on a hard corner and was constructed with a drive-thru. The lease is an absolute NNN lease with over 5 years remaining and zero landlord responsibilities. The location benefits from dense demographics, with over 2,000 people residing within a 1-mile radius and over 5,800 people residing within a 3-mile radius. Little Caesars has over 5,460 locations in 24 countries, and the operator is one of the largest franchisees in the country. The property is located in a dense retail corridor surrounded by several national tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.9171
    Latitude
    36.727

    Nearby Similar for Sale

    • $350,000
      5,382 SF

      Collinsville Commercial Property on 7.25 Acres

      Commercial property with industrial charm, suitable for non-profits or residential.
      310 Wagoner Rd, Collinsville, VA 24078
      View Details
    • $525,000
      32,328 SF

      Versatile Warehouse on Virginia Avenue

      Expansive warehouse with office space and vehicle bays for sale.
      3495 Virginia Avenue, Collinsville, VA 24078
      View Details
    • $350,000
      5,382 SF

      Collinsville Commercial Property on 7.25 Acres

      Commercial building with office, kitchen, and storage on 7.25 acres.
      310 Wagoner Rd, Collinsville, VA 24078
      View Details
    • $429,000
      1,876 SF

      Commercial Investment Opportunity in Collinsville

      Prime commercial location with steady income and future potential.
      5145 Kings Mountain Rd, Collinsville, VA 24078
      View Details
    • $379,000
      2,900 SF

      Collinsville Commercial Investment Opportunity

      Commercial property in Collinsville, VA with steady rental income.
      4848 Kings Mountain Rd, Collinsville, VA 24078
      View Details
    • $285,000
      5,600 SF

      Collinsville Commercial Property For Sale

      Well-maintained mixed-use property in high-traffic area, great investment opportunity.
      4940 Kings Mountain Rd, Collinsville, VA 24078
      View Details
    • $2,290,000
      13,049 SF

      Collinsville CVS Investment Opportunity

      NNN leased CVS with 15 years remaining in Collinsville.
      400 Riverside Dr, Collinsville, VA
      View Details
    • $625,000
      6,300 SF

      Collinsville Multifamily Investment Opportunity

      Eight-unit apartment building in Collinsville, Virginia.
      79 Ridgemont Circle, Collinsville, VA 24078
      View Details
    • $7,445,000
      83,940 SF

      97-Unit Multifamily Investment Opportunity

      Multifamily property with 97 units near Roanoke MSA.
      81 Terry Ct, Collinsville, VA 24078
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Single tenant Little Caesars with drive-thru on hard corner.
    Where is this drive through restaurant located?
    The property is located at 3460 Virginia Avenue Collinsville, VA.
    What is the asking price?
    The asking price for this property is $1,131,630.
    What are key features of this property?
    This property features: Absolute NNN Lease with 5+ Years Remaining and Zero Landlord Responsibilities; Single Tenant Free Standing Little Caesars Pizza with Drive‑Thru; Located on a Hard Corner in a Dense Retail Corridor
    (248) 234-8795
    We can help!
    Listing Contact
    Marko Miroslavski
    Marko Miroslavski
    Real Estate License ID: MI #6501443387
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3460 Virginia Avenue , Collinsville, VA 24078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!