OFFERING SUMMARY
Price: $1,000,000
Gross Leasable Area: 8,160 SF
Monthly Rent: $11,258
OFFERING HIGHLIGHTS
- Dark Aaron’s Store with Lease Expiration of March 2023
- Corporate, Absolute-Net Lease
- Frontage on highly trafficked corridor in Richmond MSA
- Close Proximity to Multiple National Retailers and Bon Secours Medical Center
INVESTMENT OVERVIEW
Marcus & Millichap is please to present for sale a Dark Aaron’s location in Petersburg Virginia. The property sits along a primary retail corridor within the Richmond MSA. The 8,160SF building has direct frontage to S Crater Road which sees nearly 12,000 VPD, and has a 5-Mile population density of approximately 50,000, and a 10-Mile population density of 145,000 people. The property also benefits from its proximity to multiple national retailers – including Wal Mart, and also benefits from its proximity to Bon Secours medical center.
The Corporate Absolute Net Lease runs through March of 2023, and offers an incoming investor $11,258 in monthly net income while preparing to reposition the property for an owner user or new tenant.
