Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2015
Sq.Footage
10,320
This exceptional investment opportunity features a single-tenant medical office building leased to Virginia Cancer Institute, Inc., a well-established and respected healthcare provider. The property is secured by a Triple Net (NNN) lease, minimizing landlord responsibilities while providing a predictable and stable income stream. The current lease has approximately five years remaining, with multiple renewal options that offer long-term tenancy potential. In addition, the lease includes scheduled rental escalations throughout both the initial term and renewal periods, providing consistent growth in Net Operating Income (NOI) . Offered at an asking price of $4,500,000, the property generates an annual Net Operating Income (NOI) of approximately $288,000, reflecting an attractive 6.40% capitalization rate. Strategically located in a high-traffic corridor with excellent visibility and convenient access, this institutional-quality medical investment presents a compelling opportunity for investors seeking stable cash flow, long-term appreciation potential, and a creditworthy healthcare tenant. This asset is an outstanding addition to any commercial real estate investment portfolio.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.24
-
Lot Size(square feet)
10,315
-
Property Type
Commercial Sale
Price
-
Sales Price
$4,500,000
-
Tax Amount
$7,522
-
Financing Options
Conventional
-
Sq. Footage
10,320
-
Price/SqFt
$436
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
YES
-
Sewer
Other
-
Tax Lot
5-C
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
PRINCE GEORGE
Elementary School
Middle School
High School
Listing Courtesy of Zahid "Zach" Abbasi , RE/MAX Real Estate Connections
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Herschel Miller
Call Herschel today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
.png)