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Roanoke, VA - Builders FirstSource

$3,803,000

3488 Aerial Way Dr, Cave Spring, VA 24018

Active
Last Updated: 01/10/2026

5.75

Cap Rate

218,680

NOI

Details:
Cap Rate:    5.75%
NOI:    $218,680
Building Size:    44,150 sqft
Lot Area:    7.21 acres
Occupancy:    100%
Year Built:    1968
Zoning:    Light Industrial District (I-1)
Description:

• BFS Operations LLC d/b/a Builders FirstSource recently executed a lease amendment extending the term through June 2039, with two additional
5-year renewal options.
• The tenant has operated at the site for over 20 years, demonstrating strong commitment and long-term tenancy.
• The lease features 1.5% annual rent increases throughout the initial term, with CPI-adjusted increases at the commencement of each option period.
• The tenant is paying below-market rent at only $4.95/SF/Yr, providing future upside potential.

• Convenient access to major transportation corridors and regional interstate routes, including Interstate 581 (65,000 vehicles per day).
• Proximity to retail, dining, and essential services enhances day-to-day operational convenience.

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