Net-Leased Auto Parts Retail
For Sale
Contact for pricing
3543 LANKFORD HWY, Exmore, VA 23350
Single-tenant auto parts building with a remaining 14-year term and scheduled 10% rent increases.
Property Size6,912 SF
Price / SF$303.82
Days on Market59
Property Features for 3543 LANKFORD HWY
General Information
Standard status
Active
Size
6,912 SF
Property subtype
Retail
Building Details
Year Built
2024
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 5 at 1:18PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This single-tenant auto parts retail property is anchored by Advance Stores Company, Inc. The tenant recently executed a new 15-year lease with three, five-year renewal options; 14 years remain. Rent increases are scheduled at 10% in year 11 and every five years thereafter throughout the option periods. The building totals 6,912 square feet and sits on approximately 0.82 acres.
Located at 3543 Lankford Hwy in Exmore, Virginia, the property benefits from prominent frontage along Lankford Highway (U.S. Route 13). The remarks cite 17,000 VPD for this corridor, described as the primary north-south transit route for the region and a source of both local daily traffic and seasonal beach travel. The site also serves transient traffic traveling between Virginia Beach/Norfolk and points north toward Maryland and Delaware.
For automotive-focused tenants and operators, the mix of surrounding retail supports a vehicle-reliant “do-it-yourself” customer base described in the materials. The property is positioned within Exmore’s primary retail cluster near national, high-traffic tenants including Food Lion, Ace, Walgreens, and Family Dollar, with the next closest Advanced Auto Parts noted as 40+ miles away. The existing lease structure and long remaining term may be attractive to buyers seeking a stabilized, single-tenant retail setup tied to an established automotive aftermarket brand.
Located at 3543 Lankford Hwy in Exmore, Virginia, the property benefits from prominent frontage along Lankford Highway (U.S. Route 13). The remarks cite 17,000 VPD for this corridor, described as the primary north-south transit route for the region and a source of both local daily traffic and seasonal beach travel. The site also serves transient traffic traveling between Virginia Beach/Norfolk and points north toward Maryland and Delaware.
For automotive-focused tenants and operators, the mix of surrounding retail supports a vehicle-reliant “do-it-yourself” customer base described in the materials. The property is positioned within Exmore’s primary retail cluster near national, high-traffic tenants including Food Lion, Ace, Walgreens, and Family Dollar, with the next closest Advanced Auto Parts noted as 40+ miles away. The existing lease structure and long remaining term may be attractive to buyers seeking a stabilized, single-tenant retail setup tied to an established automotive aftermarket brand.
Key Highlights
- 6,912 SF single‑tenant auto parts building built in 2024
- Remaining 14 years on a new 15‑year lease with Advance Stores Company, Inc.
- Lease includes 10% rental increases in year 11 and every five years thereafter during renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Virginia ABC
Groceries
1,102 visits/mo
0.5 miles
Demographics for 23350, VA
3,433
Population
1,866
Households
1.8
Avg Household Size
50
Median Age
29%
College-Educated
82%
High-School Grad
32.9 sq mi
ZIP Area
104
Density / Sq Mi
$51,667
Median Household Income
$36,483
Median Earnings
$674
Median Rent
$180,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Gladden Tire & Auto Services — 3502 main st, exmore, va 23350
- Tittermary Automotive — 3487 Main St, Exmore, VA 23350
- QUEST AUTO BODY & REPAIR LLC — 3306 Lankford Hwy, Exmore, VA 23350
- Coastal Tire Auto & Welding — 3502 Main St, Exmore, VA 23350
- Dave's Autocool — 3487 Main St, Exmore, VA 23350
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant auto parts building with a remaining 14-year term and scheduled 10% rent increases.
Where is this auto shop located?
The property is located at 3543 LANKFORD HWY Exmore, VA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 6,912 SF single‑tenant auto parts building built in 2024; Remaining 14 years on a new 15‑year lease with Advance Stores Company, Inc.; Lease includes 10% rental increases in year 11 and every five years thereafter during renewal options
