Commercial Property for Sale in Salem Virginia 24153

Highlights

• Trophy Coastal Real Estate: Located in one of the most prestigious and supply-constrained markets in the United States. This "A+" location offers immense long-term residual value and capital appreciation potential.
• Absolute NNN Lease: The property features a truly passive structure with zero landlord responsibilities. The tenant manages all operating expenses, taxes, insurance, and maintenance.
• Elite Demographic Profile: Situated in a highly affluent enclave with an average annual household income exceeding $200,000 within a 1-mile radius.
• Established Destination Tenant: Sbicca has a legendary 25+ year track record at this location, earning Wine Spectator’s “Award of Excellence” and serving as a staple for locals, tourists, and the Del Mar Thoroughbred Club racing crowd
• Prime Foot Traffic: Located at the epicenter of Del Mar’s vibrant retail and tourism district, benefiting from massive foot traffic and year-round destination appeal.
• Strong Corporate Guarantee: The lease is backed by Caliber Collision (Wand NewCo 3, Inc.), a dominant market leader with over 1,800 locations nationwide and a history of robust financial performance.
• Attractive Rental Escalations: The lease features 10% rent increases every five years, providing a significant boost to the Cap Rate and ensuring the investment outpaces inflation.
• Passive Income Stream: With approximately 8 years remaining on the primary term, this investment offers long-term cash flow with minimal management oversight.
• Superior Demographics: Strategically located in an above-average income area with an Average Household Income (AHHI) of $84,000 within a 1-mile radius, ensuring a steady flow of high-value customers and insurance-backed claims.
• Essential & Recession-Resistant: Automotive repair is an e-commerce-proof industry. Regardless of economic shifts, collision repair remains a necessity, making this a "safe haven" asset for conservative investors.