ARKO

Ashland, Virginia

NNN Pro is pleased to present the exclusive listing for an Arko C-Store / Gas Station located at 816 England Street in Ashland, VA. The site consists of roughly 2,561 rentable square feet of building space on estimated 0.67-acre parcel of land. This ARKO is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 18, 2021. The current annual rent is $161,696 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.

✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Approximately 17+ Years Remaining
✓ Two Percent (2%) Annual Rental Increases
✓ Six (6), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $2,939,927
Cap Rate:: 5.50%
Annual Rent:: $161,696
Address:: 816 England St, Ashland, Virginia 23005
Property Type:: Gas Station
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: October 18,2021
Lease Expiration:: October 31, 2041
Lease Term Remaining:: 17+ Years
Rental Increases:: 2% Annually
Lot Size:: 0.67 Acres
Building Size:: 2,561 SF
Year Built:: 1964
Tenant:: ARKO

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Alexandre Marietto

amarietto@nnnpro.com

License: 10401294047

Kyle Karsian

kkarsian@nnnpro.com

License: 10401321452

Gordon Pollock

gpollock@nnnpro.com

License: 10401370688

Broker of record

Brian Brockman

Bang Realty, Inc

License: 225245999

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