Strong Local Tenant – Approx. 8 Years Remaining!
This single-tenant, long term lease investment opportunity is a chance for an investor to own a strong cash flowing building with annual market increases.
The current lease with JKOZ Engineering, a custom seal and gasket company for the defense and aerospace industry, has been in place for over two years. The well located building just off route 460 is approximately 47,100 SF and has four loading docks, and four drive-in doors.
Due to the continued healthy demand the industrial market in Central Virginia area is very strong. Rental rates have grown significantly in recent years and are still extremely stout. Blackstone is well located on route 460 with easy access to Petersburg, Richmond and Raleigh, NC, making it an excellent distribution location for the entire East Coast.
601 North West Avenue has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.