Cap Rate
11.00%
Price Per SF
$258
Gross SQFT
4,864
Year Built
1990
NOI
$138,000
Property Type
Healthcare
LEAD LISTING AGENT
Ryan Burke
Associate Vice President
Email
[email protected]
License No.
License No. 412701 (GA)
Direct
+1 (470) 242-0547
Mobile
+1 (847) 361-4181
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
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