3527 Lankford Hwy Exmore, VA 23350
Retail property with Verizon and Virginia ABC as tenants.
Property size:
5,600 SFLot size:
1.00 AcresProperty Features for 3527 Lankford Hwy
General Information
- Size
- 5,600 SF
- Lot size
- 1.00 Acres
Source:
Moodyscre
Listing Agent: Andrew Fallon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Property with Established Tenants
This retail property is occupied by Verizon and Virginia ABC. Verizon recently extended their initial lease for an additional 3 years, with three 3-year options to extend. Virginia ABC has 6 years remaining on their initial lease, with one 5-year option to extend. Virginia ABC has 2% annual rental increases throughout the initial term and options thereafter. Verizon, headquartered in New York City, generated revenues of $134.8 billion in 2024. Virginia ABC operates approximately 400 state stores and provides alcohol education and prevention programs. The property size is 5,600 square feet. The tenant is responsible for utilities, taxes, insurance, and most maintenance.
Location Intelligence
Current Use by Public Records
Verizon
Cell Phone Store
Verizon Business Services
Internet Service Provider
Location Insight
- Map
- Local Demand
- City
- Exmore
- County
- Northampton
- State
- Virginia
- Longitude
- -75.8308665
- Latitude
- 37.5260758
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FAQs
What type of property is this?
Retail space - Retail property with Verizon and Virginia ABC as tenants.
Where is this retail space located?
The property is located at 3527 Lankford Hwy Exmore, VA.
What is the asking price?
The asking price for this property is $1,263,000.
What are key features of this property?
This property features: - Strong tenant mix with Verizon and Virginia ABC providing stable income.; - Verizon recently extended their lease, demonstrating commitment to the location.; - Virginia ABC has 6 years remaining on their initial lease.