Investment Overview

Marcus & Millichap is pleased to present 1561 Commerce Road, Staunton, Virginia 24401. This medical office is fully occupied by Ivy Rehab Synergy Rehab & Wellness, operating under a triple-net lease structure with 2 percent annual rental increases and two, 5-year renewal options. There are approximately five years of lease term remaining on an initial seven year lease structure. Ivy Rehab has expanded to more than 50 Virginia outpatient clinics through partnerships with Synergy Rehab and Wellness. "When looking for a partner, we seek a leader who matches our culture of upholding the highest clinical standards and who creates spectacular experiences for their teammates and patients. Tobin has demonstrated he is precisely the partner Ivy Rehab seeks out," said Michael Rucker, CEO of Ivy Rehab. "We are thrilled to expand our Virginia footprint and be able to provide high-quality, innovative care with the best patient outcomes as our collective goal alongside Tobin and Synergy Rehab and Wellness." This property is part of a significant commercial and industrial corridor within the city. The area is characterized by a mix of businesses, industrial facilities, and commercial enterprises. This diversity contributes to the local economy and provides a range of employment opportunities. Commerce Road is well-connected to major highways and transportation routes, making it a convenient location for businesses. Its proximity to downtown Staunton offers owners access to downtown amenities, including restaurants, shops, and cultural attractions. The property is located on Commerce Road, which has a traffic count of 13,595 vehicles per day. Staunton is an award-winning Virginia Main Street community with 270 businesses, 30 restaurants, 80 specialty stores, antiques, service businesses and salons, all cloistered in an historically preserved setting featuring Victorian architecture. Downtown theaters include the Blackfriar’s Playhouse at The American Shakespeare Center, The Visulite and The Dixie.