1001 E Church Street

Price: $799,000

MLS Number: 150696

Sqft: 6881

Lot Size: 4.53 Acres

Beds: NA

Baths: 0

Address: 1001 E Church Street

City: Martinsville

State: VA

Zip: 24112

Remarks: Under long term lease to national auto parts retailer. Current appraisal. Triple net lease. Current lease to January 1, 2034, with two extensions of five years each, with rent increases. Signalized intersection. 35+ parking spaces. From 7.51% to 9.50% gross yield over time. 6.64% cap rate and 9.62% discount rate. Presented courtesy of Piedmont Realty.

Contact: Speak with a Berry Elliott REALTOR - (276) 656-1111