261 Market St
Winchester, VA 22603
Valley Health | Recession and Internet-Proof! · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the ground leased interest in this Valley Health located in Winchester, Virginia. The Tenant, Valley Regional Enterprises, Inc., is subject to a brand new 15-year NNN ground lease. The lease features 10% rental increases every five years during the base term and seven, five-year option periods. Valley Health will occupy an attractively built 8,400 SF medical facility. As medical office is costly to build out, the tenant' s financial commitment is over $200 per square-foot for the building' s construction. The Tenant occupies a sizable 1.5-acre parcel developed as part of the larger Rutherford Crossing, the premier shopping destination in Winchester, Virginia featuring over 400,000 square feet of retail space. The Property is the neighboring pad to a Lidl grocery store and a Red Robin restaurant, which both will be under construction soon. These pads join the overall center which features a synergistic mix of national and regional tenants including service, retail and food uses bolstered by anchors Target and Lowes. The Property is conveniently located off the interchange of Interstate 81 and Martinsburg Pike/Route 11 on the northern part of the city limit. It is less than one-mile from the largest planned residential development in the city, Snowden Bridge. Construction has commenced on this phased development that will consist of over 2,600 homes and is just one chapter in the growth story of Frederick County where both residential and business developments continue to flourish. To the immediate north of the Property, sharing access from Route 11, is FEMA' s 165,000 square-foot Operational Headquarters, which was constructed in 2008.