1110 E Atlantic St | South Hill, VA 23950
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- LoopNet Team
1110 E Atlantic St
South Hill, VA 23950
Sonic Drive-In · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Strong Visibility - Frontage on E Atlantic St, which facilitates 25,900 vehicles per day, and close proximity to I-85 with 26,000 vehicles per day.
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Burgeoning Retail Corridor - 1M SF of retail at 95.2% Occupancy, with positive absorption and consistent development pipeline.
- Primary Retail Trade Area - Adjacent to Walmart Supercenter and 524 Hotel Rooms
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,632 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.07 AC
Zoning
C3
Parking
33 Spaces (18.56 Spaces per 1,000 SF Leased)
Frontage
209 FT on East Atlantic Street
PROPERTY TAXES
| Parcel Number | 14653 | Improvements Assessment | $335,900 |
| Land Assessment | $727,600 | Total Assessment | $1,063,500 |
PROPERTY TAXES
Parcel Number
14653
Land Assessment
$727,600
Improvements Assessment
$335,900
Total Assessment
$1,063,500
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