This prime investment opportunity features a single-tenant building leased to Virginia Cancer Institute, Inc., a reputable healthcare organization. The lease is structured as Triple Net (NNN), offering minimal landlord responsibilities and stable income. The tenant has 5 years remaining on the current lease, with renewal options available. The lease also includes scheduled rental increases during the initial term and option periods, generating a steady Net Operating Income (NOI) and providing a hedge against inflation. With a 6.4% cap rate and an asking price of $4,400,000, this property is situated in a high-traffic, accessible location, making it a strong addition to any investor’s portfolio.
Prince George is located in Virginia. Prince George, Virginia has a population of 1,707. Prince George is less family-centric than the surrounding county with 9.32% of the households containing married families with children. The county average for households married with children is 31.19%.
The median household income in Prince George, Virginia is $71,022. The median household income for the surrounding county is $78,895 compared to the national median of $69,021. The median age of people living in Prince George is 38.7 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 29.5 degrees. The average rainfall is approximately 45.7 inches per year, with 7.1 inches of snow per year.
