Listed by Cleeman Realty Group
$3,980,000
Free-Standing Food Lion (STNL)
Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 29,640
Cap Rate 6.75%
NOI $268,745
Occupancy 100%
Tenancy Single
Brand/Tenant Food Lion
Lease Type NNN
Lease Term 48.1
Lease Expiration 09/26/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options 1 x 5
Price per SqFt $9
Year Built 1982
Buildings 1
Stories 1
Acreage 2.480
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/10/1982
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
STNL Food Lion | Virginia | Strong Sales
Marketing description
Cleeman Realty Group is pleased to present the exclusive opportunity to acquire the Free-Standing Food Lion located at 2909 Memorial Avenue, Lynchburg, VA. Food Lion has operated at this site for over 40 years and has only one (1) remaining renewal option, offering a buyer the opportunity to renegotiate lease terms within the next ten (10) years and increase the rent to market rates, projected to be nearly $12 PSF. The subject property offers convenient access, excellent visibility, and is located at the hard corner of Oakley and Memorial Avenues, which experience an average daily traffic count of 20,362 VPD.
Contact us to learn more.
Investment highlights
- Free-Standing Food Lion building with limited landlord responsibilities. Food Lion is a well-established national grocer backed by Ahold Delhaize, one of the world's largest food retail groups
- Food Lion is interested in signing a long term lease extension showing their commitment to the location
- Strong-performing Food Lion with a low rent-to-sales ratio
- The subject property offers convenient access, excellent visibility, and is located at the hard corner of Oakley and Memorial Avenues, which experience an average daily traffic count of 20,362 vehicles (VPD)
- Lynchburg is a stable and growing regional hub with a diverse economic base, including healthcare, education, manufacturing, and logistics. Home to multiple colleges and universities - such as Liberty University, one of the largest private universities in the U.S. - the city benefits from a steady population, a strong workforce, and consistent consumer demand
Listing Contacts
Listed by Cleeman Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$268,745.00
$22,395.42/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
B5 CommercialGeneral CommercialGeneral Business District
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View all 244 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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