100 Community Dr Waynesboro, VA 22980-9505

This exceptional investment opportunity presents a 2,946-square-foot Class B medical office building in Waynesboro, Virginia. Located at 100 Community Dr, 22980, this single-tenant property boasts a 100% occupancy rate with Ivy Rehab Synergy Rehab & Wellness under a triple-net (NNN) lease. The lease, commencing June 29, 2022, features a 5-year term with two 5-year renewal options and a 2% annual rent increase. The current lease has approximately 2.6 years remaining. The property, built in 2019, sits on a 0.678-acre lot and is a single-story condominium. The building generates a strong net operating income (NOI) of $53,750, resulting in an attractive 7.65% capitalization rate. This stabilized investment offers a secure and profitable opportunity in a thriving commercial corridor, conveniently located near downtown Waynesboro and benefiting from its proximity to major metropolitan areas. The property's strong tenant, Ivy Rehab, demonstrates a commitment to the location with its expansion in the region. This is a turnkey investment with minimal management requirements. The asking price is $702,500.