7041 Lee Park Rd - Medical FOR SALE


Mechanicsville, VA 23111
$3,253,000 USD
704-228-1116
7041 Lee Park Rd, Mechanicsville, VA for Sale
$3,253,000 USD
Medical - FOR SALE
1/16
null | 7% Cap Rate

7041 Lee Park Rd
Mechanicsville, VA 23111


OVERVIEW

Long-Term Tenure – Tenant has a long operating history at this site. This primary care practice has been at this location for 40+ years. Bon Secours has 4 years remaining on the current lease. Investment Grade Credit – Bon Secours boasts investment grade credit (Moody's: A1), providing a secure investment, with annual revenue in excess of $13.3 billion. Annual Escalations – Lease provides 3.00% annual rental escalations, providing a hedge against in?ation. NN Lease Structure – Minimal landlord responsibilities, limited to roof and structure, making it a passive investment. Strong Demographics – There are 82,203 residents with an average household income of $103,474 within a 5-mile radius of the property. Desirable Lot Size & Building Footprint – 1.48-acre parcel with 11,224 SF of rentable space, ideal for future redevelopment or repositioning.

FOR SALE DETAILS

PRICE

$3,253,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bon Secours Primary Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B-1

APN/PARCEL ID

8714-99-2704

ASK ABOUT THIS PROPERTY

Paul TimmonsFranklin StreetMore Info
704-228-1116

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Paul TimmonsFranklin StreetMore Info
704-228-1116

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