1101 Brookdale St | Martinsville, VA 24112
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1101 Brookdale St
Martinsville, VA 24112
Spruce Street Station · Retail Property For Sale
Investment Highlights
- Just 7 miles from the center is NASCAR's Martinsville Speedway, which seats up to 60,000
- 9 Years remaining on Food Lion's lease
- Over 700K in improvements in December 2018
- Stable and diverse tenant mix, with leasing upside
- 9 Years remaining on Food Lion's lease
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
48,052 SF
Building Class
B
Year Built/Renovated
1988/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
8.31 AC
Zoning
C-1 - General Commercial
Parking
236 Spaces (4.91 Spaces per 1,000 SF Leased)
About 1101 Brookdale St , Martinsville, VA 24112
Divaris Real Estate, Inc., is pleased to offer for sale Spruce Street Station, located in Martinsville, Virginia. Spruce Street Station is the dominant grocery-anchored shopping center along the busy Spruce Street retail corridor, and was recently renovated in September 2018 with over $700,000 in improvements. Year over Year Sales, have increased 7% for Food Lion with the last years sales over 9.5M. Food Lion Recently exercised their renewal early for a total of 9 Years.
PROPERTY TAXES
| Parcel Number | 000838600 | Improvements Assessment | $3,718,300 |
| Land Assessment | $484,900 | Total Assessment | $4,203,200 |
PROPERTY TAXES
Parcel Number
000838600
Land Assessment
$484,900
Improvements Assessment
$3,718,300
Total Assessment
$4,203,200
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