Food Lion Grocery Store 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions PRICE REDUCTION Subject Photo SINGLE TENANT INVESTMENT OFFERING • DELHAIZE AMERICA, INC. LEASE U. S. SUBSIDIARY OF AHOLD DELHAIZE, N.V. • INVESTMENT GRADE CREDIT RATING • FULL REIMBURSEMENT FOR TAX AND INSURANCE • ALL CAM CURRENTLY PAID BY TENANT • CONSISTENTLY INCREASING STORE SALES For additional info, please contact Barry Silver Listed in conjunction with: The Silver Group Email:
[email protected] Christopher R. Gentry, SIOR www.thesilver-group.com Gentry Commercial Real Estate, Inc. Phone: (415) 461 - 0600 License No. VA 0225033997 Investment Summary - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions ($126.56 psf) Our Offering is a single tenant Food Lion Grocery Store located at 845 Purchase Price: $4,145,800 Village Boulevard in Abingdon, Virginia. The Property was constructed Initial Cap Rate: 7.75% (with $0.20 psf reserve) in 2000 and consists of a ± 33,816, retail building on ± 4.5 acres of land within the Colonial Square Shopping Center at the intersection of Lee Lease Terms: Highway and Porterfield Highway SW. The building can be expanded by an additional 10,960 sf. Lee Highway is the major commercial artery through • Term has been extended through January 2026 the city of Abingdon. Abingdon is located in the southwestern corner of • Landlord is responsible for roof, structure the state, approximately 16 miles northeast of the Virginia / Tennessee • Current CAM’s are fully reimbursed border. The original twenty year lease is executed by Food Lion’s parent company, Delhaize America, Inc., operator of 2,000 grocery stores and • Property Tax and Insurance are fully reimbursed distribution centers across 23 states under the banners Food Lion, GIANT, • Percentage Rent If 1% of Gross Receipts exceed Hannaford and Stop&Shop.