Multi-Tenant Retail
New
For Sale
Contact for pricing
7339-7351 Lee Highway, Fairlawn, VA 24141
Four occupied suites serve fitness, financial, salon, and athletic training uses.
Property Size17,400 SF
Lot Size1.37 Acres
Price / SF$130.39
Days on Market6
Property Features for 7339-7351 Lee Highway
General Information
Standard status
Active
Size
17,400 SF
Lot size
1.37 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Katz & Associates
Listed By:
Michael Zimmerman · License #NC 282596
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:25PM
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 Katz & Associates
Investment Insights
Based on property information with market context.
This 17,400-square-foot retail property occupies approximately 1.37 acres at 7339–7351 Lee Highway in Fairlawn. Four tenants—Anytime Fitness, OneMain Financial, Nevaeh Salon, and Power Elite Athletics—represent fitness, financial, personal-care, and athletic training uses. The center is fully occupied. Two existing gross leases are scheduled to shift to NNN reimbursement structures during their respective terms, changing how property expenses are recovered.
The site is at the signalized junction of Lee Highway (US Highway 11) and Peppers Ferry Road (VA Route 114). Walmart Supercenter, Lowe’s, and Kroger are nearby, and Radford University is approximately three miles away. The surrounding context includes residential and university populations.
The site is at the signalized junction of Lee Highway (US Highway 11) and Peppers Ferry Road (VA Route 114). Walmart Supercenter, Lowe’s, and Kroger are nearby, and Radford University is approximately three miles away. The surrounding context includes residential and university populations.
Key Highlights
- 17,400‑square‑foot retail center on approximately 1.37 acres
- 100% occupied by four tenants: Anytime Fitness, OneMain Financial, Nevaeh Salon, and Power Elite Athletics
- Two gross leases are set to transition to NNN reimbursement structures during their respective lease terms
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
220k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Superstores 31%
Home Improvements & Furnishings 9%
Shops & Services 9%
Walmart
Superstores
67,332 visits/mo
0.3 miles
Cook Out
Dining
25,125 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
20,676 visits/mo
0.2 miles
Starbucks
Dining
15,618 visits/mo
0.5 miles
Taco Bell
Dining
13,267 visits/mo
0.3 miles
Demographics for 24141, VA
20,308
Population
10,043
Households
2
Avg Household Size
34
Median Age
41%
College-Educated
94%
High-School Grad
65.6 sq mi
ZIP Area
310
Density / Sq Mi
$60,503
Median Household Income
$31,330
Median Earnings
$999
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Four occupied suites serve fitness, financial, salon, and athletic training uses.
Where is this strip mall located?
The property is located at 7339-7351 Lee Highway Fairlawn, VA.
What is the asking price?
The asking price for this property is $2,268,830.
What are key features of this property?
This property features: 17,400‑square‑foot retail center on approximately 1.37 acres; 100% occupied by four tenants: Anytime Fitness, OneMain Financial, Nevaeh Salon, and Power Elite Athletics; Two gross leases are set to transition to NNN reimbursement structures during their respective lease terms
