Retail    

Pilot Travel Center

 Harrisonburg, VA

Asking Price

$1,200,000

Cap Rate

9.37%

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20-Year Lease

9 Years Remaining

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March 30, 2027

10% NOI Increase

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Options to Control

Site for 29 Years

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Privately Held Company

7th Largest in U.S.

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Retail Locations

800+

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INVESTMENT HIGHLIGHTS

  • The Buyer of this Leasehold has 29 Years of Control of the Land via Ground Lease Document.
  • Options Enabling Control of Site for 29 Years Provided by Ground Lease Document
  • Triple Net (NNN) Lease with Zero Landlord Obligations
  • 50% LTV Seller Financing is Available
  • NOI Increase of 10% After the Current Five-Year Period (on March 30, 2027)
  • 7th Largest Privately Held Company in the U.S. | Berkshire Hathaway is a Major Investor of Pilot Company
  • Largest Network of Travel Centers in North America | 800+ Retail and Fueling locations in 44 States and 6 Canadian Provinces
  • Great Location Along U.S. 11 & I-81 Interchange | First Stop for South-Bound Vehicles  and Positioned ±40 Miles North of Closest Competing Travel Center

Exclusively Listed By

In Association with
Zachary Harris
VA Broker #0225216133

Northmarq

303 E Wacker Dr, Suite 1111
Chicago, IL 60601


northmarq.com