Listed by Zach Abbasi • RE/MAX Real Estate Connections
$4,500,000
Est. payment /mo
10,315 Sqft Lot
New
4730 PUDDLEDOCK RD Prince George, VA 23875
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAPV2000126
Year Built 2015
Annual Tax Amount $7,522
Tax Year 2018
Lot Size 10,315 Sqft
Acres 0.24
Property Sub-Type Other
Source BRIGHT
Property 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.
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.
Location
State VA
County Prince George
Zoning 11
Interior
Hot Water Other
Heating Central
Cooling Other
Heat Source Other
Exterior
Garage Spaces 35.0
Water Access N
Accessibility Other
Total Parking Spaces 35
Garage N
Building
Sewer Other
Water Public
New Construction Y
Schools
School District Prince George County Public Schools
Others
Tax ID 220-05-00-005-C
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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