10400 Courthouse Rd Spotsylvania Courthouse, VA 22553

This exceptional investment opportunity presents a 16,500 square foot multi-tenant retail and office building situated on a 1.92-acre lot at 10400 Courthouse Road in Spotsylvania, Virginia (zip code 22553). The property boasts a strong 96% occupancy rate, generating a substantial net operating income (NOI) of $357,420 and a compelling 6.74% capitalization rate. Built in 1990, this single-story building features 79 parking spaces and is zoned C2. The property benefits from an absolute NNN lease structure with multiple tenants, including national, regional, and local businesses, ensuring a stable income stream. Leases include annual increases of 3% and 5%. The prime location on Route 208/Courthouse Road offers exceptional visibility and accessibility, with over 44,000 vehicles passing daily at a signalized intersection. Its strategic placement adjacent to major retailers like Giant Grocery Store, Burger King, and McDonald's, further enhances its appeal. The property's location within a densely populated area, with over 50,000 residents within 3 miles and over 100,000 within 5 miles, guarantees a consistent customer base. The asking price for this fee-simple ownership opportunity is $5,300,000. The property's APN is 35-6-1. This is a rare chance to acquire a high-performing asset in a rapidly growing area projected to be the second fastest-growing suburb of Washington, D.C. by 2040.