1639 Eastern AVE NE, Roanoke, VA 24012 (MLS# 903092)

WCP is pleased to offer for sale this triple net leased industrial property located in Roanoke, VA. The single-tenant asset is leased in its entirety to L&W Supply since 2000 with a 3% rent increases upon renewal in 2024. This offering provides a potential long-term, passive net lease opportunity at a current below-market rate with limited landlord responsibilities. The subject property consists of multiple buildings totaling just over 25,000 SF and features several warehouses, covered storage, office building and large fenced yard located on 2.2 acres. NOI: $71,820 Options: Final 3-Year Renewal Option beginning July 1, 2024 Parent Company, ABC Supply, is North America's largest wholesale distributer of roofing supplies with over 900 locations (more)

Supplements: Parent Company, ABC Supply, is North America's largest wholesale distributer of roofing supplies with over 900 locations. L&W Supply (Tenant) has operated from this location since March 2000. Stable Credit Tenant with strong financials, historically providing a steady and reliable income stream for Landlord. NNN Lease with one 3-Year Renewal Option with Rent Increase. Tenant responsible for Taxes, Insurance and Maintenance Landlord Responsible for Roof, Structure and HVAC replacement. 2024 Scheduled rent increase = $6,300 beginning July 1.