Single-Tenant NNN Auto
For Sale
Contact for pricing
Pending
4206 Franklin Rd SW, Roanoke, VA 24014
Newly constructed automotive service facility leased under a corporate NNN ground lease.
Property SizeContact for details
Days on Market143
Property Features for 4206 Franklin Rd SW
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
32,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 5:24AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
Built in 2020, this single-tenant automotive service property is occupied by Valvoline under a corporately guaranteed NNN ground lease. The original 15-year term has 14.5 years remaining, with 10% rent increases scheduled every five years during the primary term and 12% increases during each of three five-year options.
The property is positioned at the main entrance to Hunting Hills in Southern Roanoke and has visibility from Route 220, which carries over 32,000 vehicles per day. It serves as an outparcel to a 167,875-square-foot shopping center anchored by Kohl’s and PetSmart. Additional surrounding retail includes a 140,000-square-foot Lowe’s and a 130,000-square-foot Home Depot, while the Hunting Hills center attracts more than 1.37 million customers annually.
The property is positioned at the main entrance to Hunting Hills in Southern Roanoke and has visibility from Route 220, which carries over 32,000 vehicles per day. It serves as an outparcel to a 167,875-square-foot shopping center anchored by Kohl’s and PetSmart. Additional surrounding retail includes a 140,000-square-foot Lowe’s and a 130,000-square-foot Home Depot, while the Hunting Hills center attracts more than 1.37 million customers annually.
Key Highlights
- Valvoline occupies the property under a corporately guaranteed NNN ground lease
- 14.5 years remain on the original 15‑year lease term
- Lease increases are 10% every five years, then 12% during three five‑year options
Property Analytics
Current Use
Lease Details
32,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24014, VA
16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Valvoline Instant Oil Change — 4206 Franklin Rd SW, Roanoke, VA 24014
- Firestone Complete Auto Care — 4480 Electric Rd, Roanoke, VA 24018
- NTB-National Tire & Battery — 3716 Franklin Rd SW, Roanoke, VA 24014
- Mr. Tire Auto Service Centers — 3702 Franklin Rd SW South, Roanoke, VA 24014
Frequently Asked Questions
What type of property is this?
Auto shop - Newly constructed automotive service facility leased under a corporate NNN ground lease.
Where is this auto shop located?
The property is located at 4206 Franklin Rd SW Roanoke, VA.
What are key features of this property?
This property features: Valvoline occupies the property under a corporately guaranteed NNN ground lease; 14.5 years remain on the original 15‑year lease term; Lease increases are 10% every five years, then 12% during three five‑year options
