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29913972
29913971

286 Expo Rd, Fishersville, VA 22939 For Sale

BH
Lic #: 0225247494
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.
$7,750,000
144 days on market
Updated 38 days ago

Leading Aluminum Food Packaging Manufacturer | Absolute Net

Details
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 87,839
Cap Rate 6.52%
NOI $505,218
Tenancy Single
Brand/Tenant Penny Plate
Lease Type Absolute NNN
Lease Expiration 06/16/2037
Remaining Term 10.9
Rent Bumps Yes
Price per SqFt $88
Class A
Year Built 1978
Year Renovated 2005
Acreage 6.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Industrial | 6.52% CAP | 87,839 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310639/penny-plate

Investment highlights

  • Long Term Absolute Net Lease Featuring 2.25% Annual Rental Increases throughout the Initial Term and One, 10-year Extension Options.

  • Strategic Location Along I-64 Growth Corridor - Positioned Immediately Off Interstate 64, Providing Direct East-West Connectivity Between Richmond and Charleston.

  • Penny Plate is a Leading Aluminum Food Container Manufacturer Serving Foodservice, Retail, and Packer Processor Markets Nationwide.

  • Strong Regional Food Production Ecosystem - Located Near Major Agricultural and Food Processing Operations Across the Shenandoah Valley, One of Virginia’s Most Established Food Production Regions.

  • Exposure to $900B U.S. Food Retail Industry - U.S. Grocery and Food Retail Sales Exceed $900 Billion Annually, Driven by Population Growth, Consumer Staples Demand, and Prepared Food Expansion.

  • Proximity to Regional Rail Networks - Located Within the Shenandoah Valley Rail Corridor with Access to CSX and Norfolk Southern Networks Supporting Regional Bulk Freight and Manufacturing Distribution.

  • Strategic Access to East Coast Population Density - Virginia Sits Within a 500-Mile Radius of Nearly Half the U.S. Population, Enhancing Distribution Efficiency and Market Reach.

  • Beneficiary of Growth in Prepared and Packaged Foods - Consumer Demand for Prepared Meals, Catering, Bakery Products, and Foodservice Packaging Continues to Expand Across Institutional and Retail Channels. Strong Mid-Atlantic Manufacturing Corridor - Situated in Augusta County, a Recognized Advanced Manufacturing Hub Supporting Food Production, Packaging, Logistics, and Industrial Operations Across the Shenandoah Valley.

Listing Contacts

BH
Lic #: 0225247494
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$505,218.00
$42,101.50/mo

Valuation Metrics

0
DSCR
6.52%
Cap Rate
6.52%
ROI

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Additional Information

Name
Brian Hosey
License
MD 0225247494
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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