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Dental Care Alliance | NNN 1930 Electric Rd 7,770 SF 100% Leased Office Building Roanoke, VA 24018 $2,775,000 ($357.14/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 4+ Years Remaining | Scheduled Rental Increases |Options To Extend
- Southwest Shopping Center | Primary Retail Corridor
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Dental Care Alliance investment property located in Roanoke, Virginia. The tenant, Dental Care Alliance, has over 4-years remaining on their lease with 1 (5-year) and 1 (3-year) option to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,770 SF
Building Class
C
Year Built
1994
Price
$2,775,000
Price Per SF
$357.14
Cap Rate
6.50%
NOI
$180,354
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,770 SF
Building FAR
0.28
Lot Size
0.64 AC
Zoning
CN - Commercial-Neighborhood Conditional & Commercial-Neighborhood
Parking
21 Spaces (2.7 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dental Care Alliance
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dental Care Alliance | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 5090209 | Improvements Assessment | $1,253,700 |
| Land Assessment | $498,000 | Total Assessment | $1,751,700 |
PROPERTY TAXES
Parcel Number
5090209
Land Assessment
$498,000
Improvements Assessment
$1,253,700
Total Assessment
$1,751,700
CONTACTS
-
Jake Prater -
Patrick Luther -
Matthew Mousavi -
Andrew Fallon -
SRS National Net Lease
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Dental Care Alliance | NNN | 1930 Electric Rd
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