Absolute NNN Specialty Retail
9855 W Broad St Glen Allen, VA 23060
9855 W Broad St, Glen Allen, VA, 23060
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For Sale
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Absolute NNN lease with a 12-year initial term through April 30, 2030, featuring rent increases during the lease term.
Days on Market101
Property Features for 9855 W Broad St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Palomar Real Estate Group
Listed by
Steve Collins · License #GA 317459
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 4:02AM Checked: Jul 21 at 4:02AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
This absolute NNN net-leased specialty retail property is currently operated by Northern Tool, selling light industrial equipment and do-it-yourself supplies. The lease includes a 12-year initial term through 4/30/2030, with a 10% rent increase at year 7 during the initial term.
The lease also provides two additional 5-year options with $9,000 rent escalations in the options. Public remarks indicate no rent relief was requested throughout 2020. The property is located at 9855 W Broad St in Glen Allen, VA 23060.
The lease also provides two additional 5-year options with $9,000 rent escalations in the options. Public remarks indicate no rent relief was requested throughout 2020. The property is located at 9855 W Broad St in Glen Allen, VA 23060.
Key Highlights
- Absolute NNN lease with a 12‑year initial term through April 30, 2030
- Rent increases during the initial term, including a 10% rent increase at year 7
- Lease includes two 5‑year options
Property Analytics
Location Intelligence
Current Use by Public Records
Northern Tool + Equipment
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN lease with a 12-year initial term through April 30, 2030, featuring rent increases during the lease term.
Where is this nnn property located?
The property is located at 9855 W Broad St Glen Allen, VA.
What are key features of this property?
This property features: Absolute NNN lease with a 12‑year initial term through April 30, 2030; Rent increases during the initial term, including a 10% rent increase at year 7; Lease includes two 5‑year options
