36 Lively Oaks Rd | Lancaster, VA 22503
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36 Lively Oaks Rd
Lancaster, VA 22503
Bon Secours Mercy Health | 5.5Y NN Lease · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Medical Office Building – Medical tenants have a history of being one of the most stable tenant types, even in tertiary markets.
- Advantageous Return – At an average cap rate of 7.29% for the remaining term and renewal period, this asset provides a favorable return.
- Rappahannock General Hospital - Bon Secours is part of the General Medicine department of RGH allowing them to expand their reach
- Rental Increases – The rental increases provided with this asset allow an investor a hedge against inflation, which is especially important today.
- Bon Secours Mercy Health - the 2018 merger makes them the 5th largest US Catholic health system w/ 10M+ patients annually in 43 hospitals
- Bon Secours has secured leading market share position in several of its markets and adequate margins to support its growth
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
7,000 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,000 SF
Building FAR
0.06
Lot Size
2.90 AC
Zoning
C1 - Neighborhood Commercial Zone
Parking
45 Spaces (6.43 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 14A430 | Improvements Assessment | $824,400 |
| Land Assessment | $106,100 | Total Assessment | $930,500 |
PROPERTY TAXES
Parcel Number
14A430
Land Assessment
$106,100
Improvements Assessment
$824,400
Total Assessment
$930,500
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