New Auto Service
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399 W Commonwealth Blvd, Martinsville, VA 24112
Purpose-built auto-care facility leased to Firestone Complete Auto Care under an absolute NNN structure.
Property Size6,607 SF
Price / SF$812.17
Days on Market115
Property Features for 399 W Commonwealth Blvd
General Information
Standard status
Active
Size
6,607 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$273,659
Financials
Asking Price
$5,473,180
Cap Rate
5%
Site & Location
Traffic Count
15,895 vehicles/day
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Kyle Blatt · License #CA 02017976
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Jul 28 at 3:33AM
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 - Orange County
Investment Insights
Based on property information with market context.
Completed in 2026, this 6,607-square-foot auto-care facility is purpose-built for Firestone Complete Auto Care and operates under a 15-year absolute NNN lease. The lease places responsibility for the roof and structure with the tenant and includes five additional five-year renewal options. Contractual rent increases of 5% occur every five years during the initial term and renewal periods. The property is zoned Commercial and is located at 399 W Commonwealth Blvd in Martinsville, Virginia.
West Commonwealth Boulevard carries approximately 15,895 vehicles per day and serves as a major retail and commuter corridor. Nearby national co-tenants include Popeyes, ALDI, NAPA, and Comfort Inn. The Martinsville-Henry County area has roughly 62,000 residents and a labor force exceeding 27,000 people, while the five-mile trade area includes more than 33,000 residents and average household income up to $66,207. Martinsville Speedway and Philpott Lake contribute to regional visitor activity, including $78.2M in 2024 visitor spending.
West Commonwealth Boulevard carries approximately 15,895 vehicles per day and serves as a major retail and commuter corridor. Nearby national co-tenants include Popeyes, ALDI, NAPA, and Comfort Inn. The Martinsville-Henry County area has roughly 62,000 residents and a labor force exceeding 27,000 people, while the five-mile trade area includes more than 33,000 residents and average household income up to $66,207. Martinsville Speedway and Philpott Lake contribute to regional visitor activity, including $78.2M in 2024 visitor spending.
Key Highlights
- 6,607 SF auto‑care facility completed in 2026
- 15‑year absolute NNN lease with five, five‑year renewal options
- 5% rent increases every five years through the base term and renewal periods
Property Analytics
Property Profile
Current Use
Lease Details
15,895 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Circle K
Shops & Services
12,525 visits/mo
0.3 miles
Hardee's
Dining
11,719 visits/mo
0.2 miles
Burger King
Dining
11,574 visits/mo
0.3 miles
Family Dollar
Shops & Services
11,293 visits/mo
0.4 miles
Long John Silver's
Dining
10,710 visits/mo
0.3 miles
Demographics for 24112, VA
30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Classic Auto Body Restoration.com — 228 E Market St, Martinsville, VA 24112
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- Cole Service Center — 302 Church St E, Martinsville, VA 24112
- Sun Stoppers Martinsville — 915 Church St E, Martinsville, VA 24112
- Long Mile Tire — 904 Church St E, Martinsville, VA 24112
Frequently Asked Questions
What type of property is this?
Auto shop - Purpose-built auto-care facility leased to Firestone Complete Auto Care under an absolute NNN structure.
Where is this auto shop located?
The property is located at 399 W Commonwealth Blvd Martinsville, VA.
What is the asking price?
The asking price for this property is $5,366,000.
What are key features of this property?
This property features: 6,607 SF auto‑care facility completed in 2026; 15‑year absolute NNN lease with five, five‑year renewal options; 5% rent increases every five years through the base term and renewal periods
