Roanoke, VA - Builders FirstSource
$3,803,000
3488 Aerial Way Dr, Cave Spring, VA 24018
5.75
Cap Rate
218,680
NOI
Details:
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.
Location
Gallery