2000 Rosser Ave, Waynesboro, VA 22980
sale
$1,283,333
|
Other
Courtesy Of Cottonwood Commercial LLC
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.
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Property Features
- Age: 1-5 Years Old
- MLSID: 675786
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