Description
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.
Description
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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