2911 Hershberger Rd NW Roanoke, VA 24017

Building Details

Year Built

1976

Listing office CBRE - Philadelphia Suburban m***@cbre.com Show Phone

Listing date Jun 7, 2024

Source Crexi

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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.

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FAQs

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.