July 2023
Recently Sold – Verizon Wireless, Christiansburg, VA
Thomas Company is pleased to announce the successful closing of a Verizon Wireless (NYSE: VZ) located in Christiansburg, VA in the newly developed Christiansburg Marketplace. This fee simple interest property totals 2,500 square feet of retail space with over 7 years of term remaining and 5% escalations. This property offers limited landlord responsibilities. The list price for this property was approximately $2 million.
Key Highlights
- Investing in a property only 4 miles from Virginia Tech University offers a unique opportunity. The student population, surpassing 30,000, ensures constant demand for amenities like dining, housing, and retail. Situated within the newly developed Christiansburg Marketplace, the property benefits from burgeoning economic activity, making it an attractive investment prospect.
- This newly built free-standing building comes with limited landlord responsibilities and 5% escalations offering the new owners a hedge against inflation.
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Recently Sold – Chipotle, Christiansburg
Thomas Company is pleased to announce the successful closing of a Chipotle Mexican Grill (NYSE: CMG) located in Christiansburg, VA. This fee simple interest property totals 2,350 square feet of retail space with over 7 years of term remaining with 10% escalations.
Recently Sold – Navarro Pharmacy (CVS), Hialeah, FL
Thomas Company is pleased to announce the successful closing of a Navarro Discount Pharmacy located in Hialeah, Florida (Miami MSA). This leasehold interest property totals 16,947 square feet of retail space with over 17 years of term remaining.