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$ 1,283,333
Est. payment /mo
Active
2000 ROSSER AVE Waynesboro, VA 22980
1,435 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 1,435 sqft
Price per Sqft $894
MLS Listing ID 675786
HOA Y/N No
Year Built 2022
Tax Year 2026
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Building
Property Description
This absolute triple-net ground lease is located along Waynesboro's Rosser Avenue, directly adjacent to Exit 94 along Interstate 64. The property is part of Waynesboro's primary commercial corridor, experiencing traffic counts of 29,000 vehicles per day along Rosser Avenue, and is supplied by an additional 49,000 vehicles that pass through the interstate daily. The site is situated in a robust local market home to high-profile national tenants such as Walmart, Chipotle, and Texas Roadhouse. The triple-net status of this lease affords the buyer a zero-responsibility arrangement, with no real estate tax, property insurance, utility, or maintenance fees required of the buyer. A recurring 10% rent escalation is included every five years through the standing 15-year lease term, with the next escalation planned for August of 2027. This is backed by a reliable guaranty from the franchisor, Quick Lube of Carolina, LLC, that further strengthens the backing for investment.
Location
State VA
County Waynesboro
Zoning HB Highway Business
Direction Located on Rosser Ave.
Interior
Fireplace No
Building
Level or Stories One
Others
Tax ID 51-21-5
Listed by Cottonwood Commercial LLC