Property Details

BB&T

Front Royal, VA
Property ID: 2272

    Financial Summary

    Asking Price $3,873,684
    Cap Rate 4.75%
    Net Operating Income (NOI) $184,000
    Lease Type Ground Lease
    Lease Term Remaining 13 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Rick Fernandez
    Senior Managing Director
    703.787.4732

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    Highlights

    • 20 year ground lease with 15% rent increases every 5 years
    • Next 15% increase in 2019
    • Building becomes the property of ground lease owner at termination
    • Approximately $1.2M in building construction costs
    • Located in the "New Downtown" of Front Royal anchored by Super Target, Super Walmart, Lowe's and the retail tenants of the Crooked Run and Riverton Commons
    • These regional centers draw from communities along Interstate 66 and 81
    • Outstanding retail location 1hr from Washington, DC
    • Located at busy Interstate 66 interchange

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    100 Crooked Run Plaza
    Front Royal, VA

    Traci BidingerBB&T