Property Details

INOVA Health System

Gainesville, VA
Property ID: 14511

Financial Summary

Asking Price $2,346,110
Cap Rate 7.25%
Net Operating Income (NOI) $170,093
Lease Type NN
Lease Term Remaining 6 Years
Increases 3% Annually

Offering Memorandum

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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
202.644.8700
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700

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Highlights

  • S&P rated AA+ tenant
  • Affluent population
  • Newer construction with roof warranty
  • Excellent location with high intrinsic value
  • 3% annual rent increases
  • Property is not currently being occupied by INOVA and an opportunity may exist to accelerate the remaining rent giving a potential Owner/Operator a greatly reduced net cost basis

Location

6950 Piedmont Center Plaza
Gainesville, VA

Amanda WillisINOVA Health System