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29291981
29291982

4118 Franklin Rd, Roanoke, VA 24014

WH
VA 0225271658
Poe & Cronk Real Estate
NH
VA 0225271659
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate
$725,000
140 days on market
Updated 63 days ago

Hunting Hills Station | Street Retail

Details
APN 5480705
Property Type Office, Retail
Sub Type Executive Office, Storefront
Square Footage 4,698
Units 3
Cap Rate 7.72%
NOI $56,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Pro-Forma Cap Rate 7.72%
Pro-Forma NOI $56,000
Price per SqFt $154
Broker Co-Op Yes
Class A
Year Built 1986
Lot Size (SqFt) 16,117
Zoning CG
Parking Spaces 15 spaces
Parking Per SqFt 3.19

Franklin Rd Retail

Marketing description

Nick Henritze & Will Henritze of Poe & Cronk Real Estate Group are proud to present 4118 Franklin Road SW, in Roanoke VA. This fully leased 4,698 SF building is a rare commodity along a busy commercial corridor. 4118 Franklin Road offers excellent signage and visibility for tenants. The tenant Imagine Ink studios currently occupies half of the property with a 5+ year modified gross signed lease to occupy the entirety of the property. The Tenant has a renewal option as well.

Investment highlights

Fully leased with a renewal option

28,000+ daily traffic count

15 parking spaces

290' of frontage on Franklin Rd

Located near major retailers

Virtual Tour: Suite A - https://my.matterport.com/show/?m=dR83AnvcYS1

Virtual Tour: Suite B - https://my.matterport.com/show/?m=tjvKucoVCFj

Listing Contacts

WH
VA 0225271658
Poe & Cronk Real Estate
NH
VA 0225271659
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,000.00
$4,666.67/mo

Valuation Metrics

0
DSCR
7.72%
Cap Rate
7.72%
ROI

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Additional Information

Name
Will Henritze
License
0225271658
Brokerage
Poe & Cronk Real Estate Group
Title
Sales & Leasing Associate
Brokerage Address
10 South Jefferson Street
Name
Nick Henritze
License
0225271659
Brokerage
Poe & Cronk Real Estate Group
Brokerage Phone
5409822444
Title
Sales and Leasing Advisor
Brokerage Address
10 South Jefferson Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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