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.
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Listing Snapshot
Price
$4,500,000
Days On Site
48 Days
Bedrooms
N/A
Inside Area (SqFt)
10,320 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.24 Acres
Year Built
2015
MLS® Number
VAPV2000126
Status
Active
Property Tax
$7,522
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.24
Parking
Parking Lot
Parking Spaces
15
Property Condition
New Construction
Sewer
Other
Special Circumstances
Standard
SqFt Total
10320
Water Source
Public
Zoning
11
Interior Features
Cooling
Other
Heating
Central
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Exterior Features
Construction Details
Other
Community Features
School District
PRINCE GEORGE COUNTY PUBLIC SCHOOLS
Schools
School District
PRINCE GEORGE COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX Real Estate Connections