Commercial Realty
BROKERAGE PROPERTIES

Single Tenant NNN Lease: 10.9% Cap Rate, Price Reduced

650 Frith Drive
Ridgeway , VA 24148
Single Tenant NNN Lease: 10.9% Cap Rate, Price Reduced

86,000 Sq Ft building on 8.9 Acres situated in Industrial Park with existing Single Tenant NNN Lease.

- Offered at $1,800,000

- Cap Rate: 10.9%

- IRR before debt: 15%

- IRR after tax: 10.2%

- Net Operating Income (2010): $193,993

- 10 Year Lease Commencing on April 1, 2005
- 3, 5 Year Options
- 2% Annual Increases Per Year on Lease Rate

Sale Price: $1,500,000
For more information contact Jim Barnett, CCIM
Property Type: investment
Property Status: sold
PDF description sheet (suitable for print) PDF description sheet (suitable for print)
Information current as of November 1, 2017