301 ELECTRIC RD Salem VA 24153-4423

Venture Commercial is pleased to offer for sale this single tenant NNN property located at 301 Electric Road, Salem, Virginia 24153. Approximately 2.26 acres of land, ground leased to Northern Tool + Equipment for 11 years and guaranteed by Northern Tool, with a recently renovated 20,015-square-foot store.

INVESTMENT HIGHLIGHTS

* Originally built as a build-to-suit for Northern Tool

* Located on Electric Avenue/US 11, a major north/south corridor through Salem, VA

* Significant renovation and capital contribution of over $500,000 completed in 2016

* Maintained to highest standards

* Northern Tool + Equipment is based out of Burnsville, Minnesota

* 94-store chain with consolidated revenue in excess of $1.4 billion

* 19 years of strong store sales with national brand recogntion

* New 11-year lease to expire on March 31, 2027

* NOI: $217,563.05 with 2% annual increases

* Two 5-year options with 2% annual increases