FOR SALE - $1,650,000 - 4,500+/- SF Corner Retail Condominium in Plantation Commons, Fredericksburg, Virginia

FOR SALE - $1,650,000 - Excellent opportunity to acquire a 4,500+/- SF corner retail condominium, currently occupied by Neibauer Dental Care. The current 15-year lease expires in March 2022 but includes options. With an annual triple net base rent of $158,697, plus annual increases, this property has a 9.6% cap rate. Built new in 2006, Plantation Commons has a mix of retail, medical and office tenants. Ideal property for 1031 exchange buyers and investors looking for an income-producing investment.

FOR SALE - $1,650,000 - Excellent opportunity to acquire a 4,500+/- SF corner retail condominium, currently occupied by Neibauer Dental Care. The current 15-year lease expires in March 2022 but includes renewal options. With an annual triple net base rent of $158,697, plus annual increases, this property has a 9.6% cap rate. The lease is personally guaranteed. Built new in 2006, Plantation Commons has a mix of retail, medical and office tenants. Ideal property for 1031 exchange buyers and investors looking for an income-producing investment. All sales are subject to third party approval. 3% broker participation offered. To obtain a copy of the lease and available financial information, please contact RealMarkets.

Location

All sales are subject to third party approval.