DaVita Built-to-Suit Investment
For Sale
Contact for pricing
Pending
1360 N Shenandoah Ave, Front Royal, VA 22630
NNN leased investment property with established tenant and annual increases.
Property SizeContact for details
Days on Market716
Property Features for 1360 N Shenandoah Ave
General Information
Standard status
Pending
Property subtype
Office
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$109,975
Building Details
Tenancy
Single
Listing Agency:
Link Realty Services LLC
(540) 450-0142
Listed By:
Meridee Powars · License #VA 0225095108
Source:
Crexi
Added: Sep 5, 2024
Changed: Aug 11
Last Checked: Aug 20 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Link Realty Services LLC
Investment Insights
Based on property information with market context.
This property was custom-built for DaVita in 2012. The dialysis center invested over $1 million in the internal buildout, including a full sprinkler system. The original lease has 4 years and 8 months remaining, with two 5-year options that the tenant is expected to exercise. This is a NNN lease, with the owner responsible for the roof and structure only. The lease includes annual increases of 2%, and the management fee is $1,000 with 3% annual increases.
Key Highlights
- Long‑term NNN lease in place with DaVita, a national tenant.
- Lease includes attractive annual rent increases of 2%.
- DaVita invested over $1 million in internal buildout, indicating a strong commitment to the location.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN leased investment property with established tenant and annual increases.
Where is this medical office space located?
The property is located at 1360 N Shenandoah Ave Front Royal, VA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Long‑term NNN lease in place with DaVita, a national tenant.; Lease includes attractive annual rent increases of 2%.; DaVita invested over $1 million in internal buildout, indicating a strong commitment to the location.
