Commercial Real Estate Virginia

New Single Tenant Xfinity (Comcast):
High Yield 6.50% Cap for S&P "A-" Credit

Investment Highlights

Asking Price: $2,400,000
6.50% Cap
Single tenant modified NNN
Internet resistant tenancy
Investment grade corporate
Relocation of three existing stores

Location Highlights

Target/Home Depot outparcel
Primary retail corridor
Large 1.1 acre parcel
Visibility to over 32K VPD
Minimal restrictions
Super regional trade area
Consolidation of three stores

Opportunity: Pegasus Investments is pleased to offer a newly constructed (opening August 2017) single tenant corporate Comcast Xfinity store located in Danville, Virginia (the “Property”). Comcast Xfinity selected this site as a strategic flagship location to relocate three of its existing stores in the market (Danville, Martinsville & South Boston). The tenant signed a seven (7) year triple net* lease and has two (2) five year renewal options. The lease is guaranteed by Comcast Corporation (Nasdaq: CMCSA), an American global telecommunications conglomerate that is the largest broadcasting and cable television company in the world by revenue and carries an investment grade credit rating (S&P “A-“). Comcast Corporation is a publicly traded company with a market cap of nearly $190 billion.

Location: Prominently situated along Highway 29 in the heart of the retail trade area, the property is situated as a prime outparcel to Coleman Marketplace â€“ a 460,000 SF shopping center anchored by Target, Home Depot, Dick’s Sporting Goods, Marshalls & Ross Dress for Less. The building was newly constructed in 2017 and Comcast Xfinity is expected to open to the public in the summer of 2017.