For Sale
$3,153,436
7335 Lee HwyFairlawn, VA 24141
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- Long-term NNN ground lease with Sheetz: 15-year lease (2020), 3 five-year options, 10% rent increases at each option.
- 10% rent increases at the start of each five-year renewal option.
- Corporate Sheetz lease: Strong corporate backing, over 700 locations, $14 billion in 2023 revenue.
- Zero landlord responsibilities: Tenant responsible for all maintenance and repairs.
- Excellent location: Signalized intersection of Lee Highway (US-11) and Peppers Ferry Road (VA-114), high visibility, near Walmart, Lowe's, and Kroger. Strong demographics and proximity to Radford University.
- Strong economic drivers: Proximity to Radford University, Virginia Tech, and the Radford Army Ammunition Plant.
Property Details for 7335 Lee Hwy
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 5,000 SF
- Year Built
- 2004
- Buildings
- 1
- Lot Size (sq. ft)
- 59,677 SF
- Units
- 1
Location Insight
- City
- Fairlawn
- County
- Pulaski
- State
- Virginia
- Latitude
- 37.1473604
- Longitude
- -80.5865804
7335 Lee Hwy, Fairlawn, Virginia
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