10380 James Madison
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10380 James Madison
13,180 SF Industrial Building Zion Crossroads, VA 22942 $2,500,000 ($190/SF) 6% Cap Rate
Investment Highlights
- 400' road frontage on James Madison Highway (Rt 15) in a developing commercial corridor
- near I-64 and across from a major retail distribution center and an upscale apartment complex
- NNN lease (6 CAP) for one year with 4 additional option years and with no landlord involvement. TI adds another 1 CAP.
- Triple net Investment opportunity. ZERO landlord responsibilities.
Executive Summary
This property includes two parcels with six acres total. The building includes four structures with a total of 13,180 sf per tax records. The property has 400' road frontage on Route 15 (James Madison Highway) in Zion Crossroads (Gordonsville) in Louisa County.
The property was recently leased to a national entity backed by a national retailer. The one-year lease ends 4/30/25 but there are four additional one-year option years. Option year rents increase 3% each and the lease is a true NNN lease with no landlord involvement. The cash CAP is 6% and scheduled tenant improvements add an additional 1%. This is a great investment opportunity in a growing area of central Virginia.
The property was recently leased to a national entity backed by a national retailer. The one-year lease ends 4/30/25 but there are four additional one-year option years. Option year rents increase 3% each and the lease is a true NNN lease with no landlord involvement. The cash CAP is 6% and scheduled tenant improvements add an additional 1%. This is a great investment opportunity in a growing area of central Virginia.
Property Facts
Amenities
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - Well
- Sewer - Septic Field
- Heating - Electric
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- U.S.Xpress, Inc.
- Transportation and Warehousing
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99,999 SF
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| U.S.Xpress, Inc. | Transportation and Warehousing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 52-8-B2 | Improvements Assessment | $254,000 |
| Land Assessment | $649,700 | Total Assessment | $903,700 |
PROPERTY TAXES
Parcel Number
52-8-B2
Land Assessment
$649,700
Improvements Assessment
$254,000
Total Assessment
$903,700
zoning
| Zoning Code | C-2 (Commercial zoning includes uses for civic, automotive, construction sales/serv., contractor & equip. sales & service, general stores, warehousing etc) |
| C-2 (Commercial zoning includes uses for civic, automotive, construction sales/serv., contractor & equip. sales & service, general stores, warehousing etc) |
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Jack Gobble -
Howard Hanna Real Estate Services
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10380 James Madison
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