224 W Virginia Ave - Medical FOR SALE


Vinton, VA 24179
$2,204,000 USD
949-903-8099
224 W Virginia Ave, Vinton, VA for Sale
$2,204,000 USD
Medical - FOR SALE
1/9
null | 6.5% Cap Rate

224 W Virginia Ave
Vinton, VA 24179


HIGHLIGHTS

  • 4+ Years Remaining | Scheduled Rental Increases |Options To Extend
  • NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Across From Target Anchored Center | Near Outlets At Orange
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Dental Care Alliance investment property located in Vinton, Virginia. The tenant, Dental Care Alliance, has over 4-years remaining on their lease with 1 (5-year) and 1 (3-year) option to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,204,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dental Care Alliance | NNN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GB

APN/PARCEL ID

060.15-04-36

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.