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Bon Secours Primary Care 7041 Lee Park Rd 11,224 SF Office Building Mechanicsville, VA 23111 $3,253,000 ($289.83/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Investment Grade Credit – Bon Secours boasts investment grade credit (Moody's: A1), providing a secure investment, with annual revenue in excess of $13.3 billion.
Annual Escalations – Lease provides 3.00% annual rental escalations, providing a hedge against in?ation.
NN Lease Structure – Minimal landlord responsibilities, limited to roof and structure, making it a passive investment.
Strong Demographics – There are 82,203 residents with an average household income of $103,474 within a 5-mile radius of the property.
Desirable Lot Size & Building Footprint – 1.48-acre parcel with 11,224 SF of rentable space, ideal for future redevelopment or repositioning.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- May 2022
Bon Secours Mercy Health is a large, faith-based healthcare system formed in 2018 through the merger of Bon Secours Health System and Mercy Health. Headquartered in Cincinnati, Ohio, the organization operates hospitals, outpatient centers, and specialty practices across multiple states. Its services span primary care, orthopedics and spine, pulmonary medicine, cardiology, oncology, neurology, women’s health, behavioral health, rehabilitation, and home health. Bon Secours also offers urgent care, surgical services, and community health programs. The system emphasizes integrated care delivery and advanced medical technology to serve diverse patient populations. Bon Secours Mercy Health is privately held and ranks among the largest Catholic health systems in the U.S.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | May 2022 |
PROPERTY TAXES
| Parcel Number | 8714-99-2704 | Improvements Assessment | $1,393,100 |
| Land Assessment | $346,100 | Total Assessment | $1,739,200 |
PROPERTY TAXES
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Bon Secours Primary Care | 7041 Lee Park Rd
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