Shell - Net Lease Property for Sale
Glade Spring, VA
Key Investment Metrics
Price
$5,050,000
Cap Rate
6.0%
Net Operating Income
$302,952
Building Size
4931 SF
Lot Size
4,931 SF
Land Area
1.36 Acres
Remaining Term
10.8 years
Lease Expiration
04/29/2037
Lease Term
20.1 years
Lease Commencement
04/03/2017
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Shell Net Lease Property
This Shell NNN (triple net lease) property is located in Glade Spring, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 4931 square feet of building space and was built in 2005.
With a cap rate of 6.0%, this Shell net lease property offers stable income potential. The asking price is $5,050,000, making it an attractive option for 1031 exchange investors seeking quality Shell commercial properties.
Why Invest in Shell NNN Properties?
- Stable Income: Shell net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Shell is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Glade Spring, VA Market Overview
Located in Glade Spring, VA, this Shell property benefits from strong local demographics and market fundamentals. The Glade Spring area offers excellent visibility and accessibility, making it an ideal location for Shell operations and a solid investment for net lease property buyers.