Roanoke Retail Property for
For Sale
Contact for pricing
2911 Hershberger Rd NW, Roanoke, VA 24017
117,726 SF property with long-term tenant, Big Lots!.
Property Size117,726 SF
Price / SF$59.42
Days on Market815
Property Features for 2911 Hershberger Rd NW
General Information
Standard status
Active
Size
117,726 SF
Property subtype
Retail
Occupancy
25%
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$124,514
Building Details
Year Built
1976
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Matthew Gorman · License #PA RS287470
Source:
Crexi
Added: Jun 7, 2024
Changed: Aug 27
Last Checked: Aug 28 at 11:45PM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This 117,726-square-foot property is located in Roanoke, Virginia. Big Lots! occupies 29,726 square feet at this site and has been a tenant since 2002, renewing their lease several times. The retailer currently has over 5 years remaining on a corporately guaranteed NN lease. Now operated by Variety Wholesalers, Inc., Big Lots! was acquired out of bankruptcy in 2025 and relaunched as a value-driven retail concept blending treasure hunt shopping, closeouts, and everyday low prices on name-brand merchandise. The revitalized chain will operate 219 stores across 15 states in the Midwest, Southeast, and Mid-Atlantic.
Key Highlights
- Long‑term tenant: Big Lots! has occupied the property since 2002, demonstrating stability.
- NN Lease: The property is subject to a corporately guaranteed NN lease, providing a reliable income stream.
- Over 5 years remaining on the current Big Lots! lease.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 24017, VA
23,902
Population
11,263
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
2,656
Density / Sq Mi
$45,954
Median Household Income
$30,345
Median Earnings
$966
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 117,726 SF property with long-term tenant, Big Lots!.
Where is this retail space located?
The property is located at 2911 Hershberger Rd NW Roanoke, VA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Long‑term tenant: Big Lots! has occupied the property since 2002, demonstrating stability.; NN Lease: The property is subject to a corporately guaranteed NN lease, providing a reliable income stream.; Over 5 years remaining on the current Big Lots! lease.
