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3460 Virginia Ave
Collinsville, VA 24078

Little Caesars: 10 Year Absolute NNN Lease · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,712 SF
Building Class
C
Year Built/Renovated
2006/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.40 AC
Zoning
B1

About 3460 Virginia Ave , Collinsville, VA 24078

Little Caesars has a 10 year Absolute NNN least with attractive 10% rental escalations every 5 years and three 5-year renewal options. The tenant, Aces, LLC is one of the Largest Little Caesars Pizza franchises in the country, owning and operating 18 locations throughout southwest Virginia. The subject location has been renovated this year (est. cost of +$30,000) with new LED signage, façade, paint – full interior remodeled in 2018. Little Caesars has been successfully open and operating for over 10 years with an attractive rent to sales ratio! Little Caesars is located in Collinsville, Virginia on the main north/south thoroughfare with excellent driveby visibility. Nearby retailers include: Save-A-Lot, Family Dollar, Dollar General Market, Walgreens, CVS Pharmacy, Aaron’s, O’Reilly Auto Parts, Advance Auto Parts, AutoZone, Salvation Army Thrift Store, Walmart Supercenter & Lowe’s Home Improvement. This asset is 4.5 miles from Patrick Henry Community College (PHCC) Martinsville (enrollment of 2,900). In Association with Virginia Local Broker: Gillian Greenfield, Greenfield & Craun Commercial #225064152

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
146200005
Land Assessment
$112,200
Improvements Assessment
$238,500
Total Assessment
$350,700
  • Listing ID: 15074097

  • Date on Market: 2/4/2019

  • Last Updated:

  • Address: 3460 Virginia Ave, Collinsville, VA 24078

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