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Single-Tenant Office Medical

NVA | 12 Years Remaining | Richmond, VA MSA | Significant Tenant Investment!

US Rt 360 & Bridgewood Rd, Midlothian, VA 23112

Listing Price: $4,047,619

Cap Rate
6.30%
Tenant Name
NVA
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$25.50

Investment Overview

The Tenant, NVA Midlothian Veterinary Management, LLC, is subject to a 12.5-year corporate lease with an opening date in February 2024 before rent commences in August 2024. The lease features a 10% rental increase in year six of the base term and in each option, providing an excellent hedge against inflation.

Investment Highlights

  • New 12-Year Corporate Lease with 10% Rental Increases Year 6 and Each Option
  • Prominent High Traffic Location (57,900 VPD); Opposite High-Performing Walmart & New BJ's Wholesale Club
  • Growing, Affluent Richmond MSA

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Single-Tenant Office Medical

NVA | 12 Years Remaining | Richmond, VA MSA | Significant Tenant Investment!

Listing Price: $4,047,619

Cap Rate
6.30%
Tenant Name
NVA
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$25.50

Investment Highlights

  • New 12-Year Corporate Lease with 10% Rental Increases Year 6 and Each Option
  • Prominent High Traffic Location (57,900 VPD); Opposite High-Performing Walmart & New BJ's Wholesale Club
  • Growing, Affluent Richmond MSA

Investment Overview

The Tenant, NVA Midlothian Veterinary Management, LLC, is subject to a 12.5-year corporate lease with an opening date in February 2024 before rent commences in August 2024. The lease features a 10% rental increase in year six of the base term and in each option, providing an excellent hedge against inflation.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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