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31876430
31876429

320 Newbern Road, Dublin, VA 24084

AH
VA 0225272157
Colliers - Charlottesville, Virginia
Colliers International Charlottesville
Listed by Colliers - Charlottesville, Virginia, Colliers International Charlottesville
Unpriced
53 days on market
Updated 52 days ago

320 Newbern Road

Details
APN 056-9-193
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 83,683
NOI $344,250
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Year Built 1960
Acreage 4.700
Zoning Manufacturing Warehousing
Parking Spaces 75 spaces
Parking Per SqFt 0.90
Investment Type Net Lease
Tenant Credit Credit Rated
Ceiling Height 14' - 16'
Dock High Doors 6

Industrial | 83,683 SqFt

Marketing description

Colliers International | Charlottesville, as exclusive advisor, is pleased to present the sale-leaseback offering for 320 Newbern Road in Dublin, Virginia. This 83,683 SF manufacturing and warehousing facility sits on 4.70± acres with 0.5 acres of valuable outdoor storage. The asset will be delivered with a new 15-year absolute net lease to Commercial Vehicle Group (CVG) commencing upon closing, featuring annual 3.5% escalations, and one five-year renewal option at FMV.

The property offers heavy electrical service, six dock-high doors, one grade-level drive-in door, a wet sprinkler system, and masonry/block/metal construction with 14'–16' clear heights (TBV). Additional amenities include ample paved auto parking and convenient laydown/storage areas, supporting a range of light-to-medium industrial uses.

Strategically positioned just off Interstate 81, the arterial backbone of Southwest Virginia's industrial corridor, the property benefits from direct regional connectivity to Blacksburg, the New River Valley, and major OEM and advanced manufacturing clusters located throughout Pulaski County and the broader Roanoke–New River Valley metro. The region continues to attract investment in automotive, electrification, aerospace, and logistics sectors, supported by a highly capable labor force and a cost-competitive operating environment.

As the tenant, CVG brings institutional-grade credit stability, operating 24 global facilities with approximately 7,500 employees and generating an estimated $723 million in 2024 revenue. The company maintains long-standing relationships with Volvo Group, PACCAR, and Navistar, and is expanding its electrification and automation product platforms as part of a global restructuring and modernization strategy. This mission-critical facility supports CVG's ongoing production needs within an established regional manufacturing ecosystem.

Collectively, these attributes position 320 Newbern Road as a compelling opportunity for investors seeking durable long-term income, a high-quality industrial location, and an absolute-net lease structure backed by a global manufacturing operator.

Investment highlights

83,683 SF manufacturing and warehousing facility 4.70± acres with 0.5 acres of valuable outdoor storage 15-year absolute net lease to Commercial Vehicle Group (CVG) Annual 3.5% escalations with one five-year renewal option at FMV Heavy electrical service with six dock-high doors and one grade-level drive-in door Wet sprinkler system and masonry/block/metal construction 14'–16' clear heights with ample paved auto parking Strategic I-81 location in Southwest Virginia's industrial corridor Tenant credit stability: CVG operates 24 global facilities with ~7,500 employees and $723M 2024 revenue Direct connectivity to Blacksburg, New River Valley, and major OEM clusters Supply chain adjacency to Volvo Trucks NA and automotive/EV suppliers Regional manufacturing powerhouse with <4% industrial vacancy Cost-competitive operations vs. Northern Virginia, Charlotte, Richmond, and Triad markets

Listing Contacts

AH
VA 0225272157
Colliers - Charlottesville, Virginia
Colliers International Charlottesville
Listed by Colliers - Charlottesville, Virginia, Colliers International Charlottesville

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$344,250.00
$28,687.50/mo

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Additional Information

Name
Albert Hernandez
License
0225272157
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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