Skip to main content

Single-Tenant Office Medical

Mary Washington Healthcare - Wellford

2800 Wellford St, Fredericksburg, VA 22401

Listing Price: $3,995,000

Cap Rate
6.25%
Tenant Name
Mary Washington Healthcare
Years Remaining On Lease
4.8
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$332.92
Lease Type
Double Net
Rent Per Square Feet
$20.81

Investment Overview

Mary Washington Healthcare - Wellford is a 12,000 square-foot, single-tenant medical office located in Fredericksburg, Virginia. The tenant has a corporate guarantee from Mary Washington Healthcare and just executed a brand-new five-year lease on a double-net basis. There are two percent annual rent increases and two three-year option periods. Over the past couple of years, a new roof was installed and most of the heating and cooling units have been replaced. The property is strategically positioned with direct access to U.S. 1 (average 25,000 vehicles per day) and close proximity to Interstate-95 (average 131,000 vehicles per day). Adjacent to the asset is University of Mary Washington, a premier public institution with a student body of 4,000 undergraduates and three colleges focusing on Arts & Sciences, Business and Education. There are two hospitals within 10 miles of the property. Mary Washington Hospital is a 451-bed facility directly adjacent to the asset and is a Level II Trauma Center. Mary Washington Hospital is also the flagship for Mary Washington Healthcare, a not-for-profit regional healthcare system and is ranked the third best hospital in the Washington D.C. Metro area and sixth best in the state of Virginia. Spotsylvania Regional Medical Center is a 133-bed acute care hospital and is a subsidiary of Hospital Corporation of America. Fredericksburg, Virginia is a city located halfway between Richmond and Washington D.C. and is one of the fastest-growing localities in the state. As of the 2020 census, the metro population exceeded 28,000. Fredericksburg enjoys robust tourism from having one of America’s most historic downtowns. The city rests on the banks of the picturesque, pristine Rappahannock and Potomac Rivers. Fredericksburg has a highly educated workforce with an unemployment rate under five percent and is consistently named among the best places to do business.

Investment Highlights

  • Brand New Five-Year Double-Net Lease | Two Percent Annual Rent Increases
  • Corporately Guaranteed by Mary Washington Healthcare | Moody's: A3
  • Direct Access to U.S. 1 (Average 25,000 Vehicles Per Day)
  • Close Proximity to Interstate-95 (Average 131,000 Vehicles Per Day)
  • Adjacent to Mary Washington Hospital (451 Beds, Level II Trauma Center)
  • Two Major Hospitals within 10-Miles
  • Fredericksburg is Halfway Between Richmond and Washington D.C.
  • Over 100,000 Full-Time Residents & Average Household Income of $112,891 within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Single-Tenant Office Medical

Mary Washington Healthcare - Wellford

Listing Price: $3,995,000

Cap Rate
6.25%
Tenant Name
Mary Washington Healthcare
Years Remaining On Lease
4.8
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$332.92
Lease Type
Double Net
Rent Per Square Feet
$20.81

Investment Highlights

  • Brand New Five-Year Double-Net Lease | Two Percent Annual Rent Increases
  • Corporately Guaranteed by Mary Washington Healthcare | Moody's: A3
  • Direct Access to U.S. 1 (Average 25,000 Vehicles Per Day)
  • Close Proximity to Interstate-95 (Average 131,000 Vehicles Per Day)
  • Adjacent to Mary Washington Hospital (451 Beds, Level II Trauma Center)
  • Two Major Hospitals within 10-Miles
  • Fredericksburg is Halfway Between Richmond and Washington D.C.
  • Over 100,000 Full-Time Residents & Average Household Income of $112,891 within a Five-Mile Radius

Investment Overview

Mary Washington Healthcare - Wellford is a 12,000 square-foot, single-tenant medical office located in Fredericksburg, Virginia. The tenant has a corporate guarantee from Mary Washington Healthcare and just executed a brand-new five-year lease on a double-net basis. There are two percent annual rent increases and two three-year option periods. Over the past couple of years, a new roof was installed and most of the heating and cooling units have been replaced. The property is strategically positioned with direct access to U.S. 1 (average 25,000 vehicles per day) and close proximity to Interstate-95 (average 131,000 vehicles per day). Adjacent to the asset is University of Mary Washington, a premier public institution with a student body of 4,000 undergraduates and three colleges focusing on Arts & Sciences, Business and Education. There are two hospitals within 10 miles of the property. Mary Washington Hospital is a 451-bed facility directly adjacent to the asset and is a Level II Trauma Center. Mary Washington Hospital is also the flagship for Mary Washington Healthcare, a not-for-profit regional healthcare system and is ranked the third best hospital in the Washington D.C. Metro area and sixth best in the state of Virginia. Spotsylvania Regional Medical Center is a 133-bed acute care hospital and is a subsidiary of Hospital Corporation of America. Fredericksburg, Virginia is a city located halfway between Richmond and Washington D.C. and is one of the fastest-growing localities in the state. As of the 2020 census, the metro population exceeded 28,000. Fredericksburg enjoys robust tourism from having one of America’s most historic downtowns. The city rests on the banks of the picturesque, pristine Rappahannock and Potomac Rivers. Fredericksburg has a highly educated workforce with an unemployment rate under five percent and is consistently named among the best places to do business.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

MM Texture Background
MM Textured Background Lower