Commercial Real Estate Virginia

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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 – 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.
Brad Kritzer
Executive Vice President
(310) 691-1350 x106
BRE Lic 01513027
David B. Chasin
Managing Director
(310) 691-1350 x101
BRE Lic 01513027
Daylin Ackerman
(310) 691-1350 x114
BRE Lic 02011508

Tony Veiller
Sr. Analyst
(310) 691-1350 x113
BRE Lic 01995952

Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545
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