Single-Tenant Industrial
J Rayl Sale-Leaseback Danville
265 Princeton Rd, Danville, VA 24541
Listing Price: $3,000,000
Cap Rate
7.00%
Gross SF
4,480
Price/Gross SF
$669.64
Lot Size
9.34 acres
Year Built
1956
Rentable SF
4,480
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, J. Rayl Sale-Leaseback located in Danville, Virginia. The subject property currently has a 20 year absolute triple-net lease. J Rayl is being offered for $3 million.
J Rayl Sale-Leaseback Danville
Investment Highlights
- J. Rayl Transport 20-Year Absolute Triple-Net Truck Terminal Sale-Leaseback in Danville, Virginia
- Offering Includes 9.3-Acre Site with 4,480-Square-Foot Building
- 10 Percent Rent Increases Every Five Years Provides Net Operating Income Growth Over Term and Inflation Hedge
- Low Rent Factor – Approximately $22,500 per Acre Annual Rent
- Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
- Corporate Guaranty Backed by Company with 34-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
- Long-Term 20-Year Initial Lease Term and Six, Five-Year Options Thereafter with Continued Rent Increases
- Strategic Location Established to Serve 30 Plus Years Key Customer with Operations in Danville; J Rayl has Built-Up Additional Customers Based Around the Facility
Listing Price: $3,000,000
Cap Rate
7.00%
Gross SF
4,480
Price/Gross SF
$669.64
Lot Size
9.34 acres
Year Built
1956
Rentable SF
4,480
Investment Highlights
- J. Rayl Transport 20-Year Absolute Triple-Net Truck Terminal Sale-Leaseback in Danville, Virginia
- Offering Includes 9.3-Acre Site with 4,480-Square-Foot Building
- 10 Percent Rent Increases Every Five Years Provides Net Operating Income Growth Over Term and Inflation Hedge
- Low Rent Factor – Approximately $22,500 per Acre Annual Rent
- Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
- Corporate Guaranty Backed by Company with 34-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
- Long-Term 20-Year Initial Lease Term and Six, Five-Year Options Thereafter with Continued Rent Increases
- Strategic Location Established to Serve 30 Plus Years Key Customer with Operations in Danville; J Rayl has Built-Up Additional Customers Based Around the Facility
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, J. Rayl Sale-Leaseback located in Danville, Virginia. The subject property currently has a 20 year absolute triple-net lease. J Rayl is being offered for $3 million.
