LYNCHBURG GYNECOLOGY

2728 Old Forest Road, Lynchburg, VA 24501
$1,255,000

Cap Rate
11.00%
Price Per SF
$258
Gross SQFT
4,864
Year Built
1990
NOI
$138,000
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • Healthcare Real Estate – Medical office buildings have a reputation for being ideal tenants as they tend to provide higher rental rates, passive income, improved value for real estate, and resiliency against economic downturns.
  • Passive Income – This asset includes an absolute NNN lease, allowing a future owner the ability to have predictable, secure income that is not subject to increased expenses or management.
  • Rental Increases – With historically high inflation rates, rental increases have become increasingly important for any asset. This opportunity provides for 3% annual increases to ensure your investment dollars continue to grow and have a hedge against inflation.
  • Lynchburg, VA – This property is located in one of the most well know cities in Virginia. Located a few miles from downtown Lynchburg, this asset is easily accessible and boasts an increased demand from it’s well-known location.
  • Affluent Neighborhood – Lynchburg Gynecology is positioned within the top 10 most affluent areas of Lynchburg.
  • Hospital Proximity – Centra Lynchburg General Hospital is a 358-bed hospital and is just over 1.5 miles from the subject property. This proximity is ideal for any medical office by providing the synergy of a medical corridor and familiar location within the community.
  • Market Fundamentals – Lynchburg provides solid market fundamentals such as growing rents, a 3.7% vacancy rate, and increased demand from decreasing vacancies with no new construction currently underway.
  • Specialized Care – Lynchburg Gynecology provides specialized care, with the primary physician having a 15 year track record at this location. Specific care such as this provides a unique demand and solid patient base that significantly bolsters long-term success.
  • Women’s Health Industry – The Women’s Health Industry has a 2022 estimated value of $41.5B with an expected compounding growth of 5% annually through 2030.
  • Advantageous Return – At a 11.00% cap rate, this asset provides a rare opportunity for an investor to receive a premium return, allowing for a profitable spread above today’s interest rates.

Broker of Record

  • Kyle Matthews
  • License No. 226035518 (VA)
  • (866) 889-0550
  • Matthews Real Estate
  • 1600 West End Avenue,
    Suite 1500