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$ 2,630,000
Est. payment /mo
Price Dropped by $420K
1431 SEMINOLE TRL Charlottesville, VA 22901
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $876
MLS Listing ID 675792
HOA Y/N No
Year Built 2022
Tax Year 2026
Lot Size 0.910 Acres
Acres 0.91
Property Sub-Type Building
Property Description
The property is situated along Seminole Trail (U.S. Route 29), one of the primary commercial corridors in the Charlottesville market, carrying approximately 55,000 vehicles per day. The subject property is an outparcel to Charlottesville Fashion Square, a 572,000sf regional shopping center anchored by national retailers. Adjacent and nearby tenants include Walmart, Lowe's, Kroger, Costco, Trader Joe's, ALDI, Whole Foods, HomeGoods, DSW, TJ Maxx, and Red Lobster. Select Comfort Retail Corporation, d/b/a Sleep Number (NASDAQ: SCSS), operates under a triple-net lease with 10% rent escalations every five years through the initial term and both renewal options. The Tenant is responsible for real estate taxes, property insurance, and all maintenance costs as additional rent. The Landlord retains responsibility for roof and structural components only. Sleep Number's publicly traded status provides financial transparency and corporate accountability that private tenants cannot offer.
Location
State VA
County Albemarle
Zoning HC Highway Commercial
Direction Along Seminole Trail
Interior
Fireplace No
Others
Tax ID 06100-00-00-134A0
Listed by Cottonwood Commercial LLC