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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.

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

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Single-Tenant Industrial

J Rayl Sale-Leaseback Danville

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.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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