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Listed by DAREEN ABDULLAH • Saleh Estates Realty, LLC
$ 3,900,000
Est. payment | /mo
10,320 SqFt
$ 3,900,000
Est. payment | /mo
10,320 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,320 sqft
Price per Sqft $377
MLS Listing ID VAPV2000066
Year Built 2015
Annual Tax Amount $7,522
Tax Year 2018
Lot Size 10,315 Sqft
Acres 0.24
Property Sub-Type Other
Source BRIGHT
Property Description
This prime investment opportunity features a single-tenant building leased to Virginia Cancer Institute, Inc., a reputable healthcare organization. The lease is structured as Triple Net (NNN), offering minimal landlord responsibilities and stable income.
The tenant has 5 years remaining on the current lease, with renewal options available. The lease also includes scheduled rental increases during the initial term and option periods, generating a steady Net Operating Income (NOI) and providing a hedge against inflation.
With a 6.4% cap rate and an asking price of $4,400,000, this property is situated in a high-traffic, accessible location, making it a strong addition to any investor's portfolio.
The tenant has 5 years remaining on the current lease, with renewal options available. The lease also includes scheduled rental increases during the initial term and option periods, generating a steady Net Operating Income (NOI) and providing a hedge against inflation.
With a 6.4% cap rate and an asking price of $4,400,000, this property is situated in a high-traffic, accessible location, making it a strong addition to any investor's portfolio.
Location
State VA
County Prince George
Zoning 11
Interior
Hot Water Other
Heating Central
Cooling Other
Heat Source Other
Exterior
Garage Spaces 35.0
Water Access N
Accessibility Other
Total Parking Spaces 35
Garage N
Building
Sewer Other
Water Public
New Construction N
Schools
School District Prince George County Public Schools
Others
Tax ID 220-05-00-005-C
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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