Property Details

Kroger

Christiansburg, VA
Property ID: 6052

Financial Summary

Asking Price $2,090,000
Cap Rate 5.50%
Net Operating Income (NOI) $115,000
Lease Type Ground Lease, NNN
Lease Term Remaining 18 Years
Increases 10% Every 5 Yrs in Options
The Offering Memorandum for this property is no longer available.

Contact

Jonathan W. Hipp
President & CEO
703.787.4725
Andrew Fallon
Executive Managing Director
703.787.4733

Share Property

Highlights

  • Long term 18 year ground lease with eight (8), five (5) year option periods
  • 10% rental increases every 5 years throughout option periods
  • Absolute NNN lease – no landlord responsibilities
  • Mission critical - Kroger needed ground lease to expand & remodel store after operating for 17 years
  • Population of over 113K within 10 mile radius
  • Over 27,000 VPD pass the site
  • Watch the flyover video:

Location

435 N Franklin St
Christiansburg, VA

Traci BidingerKroger