1561 Commerce Rd Staunton, VA 24401

This stabilized Class B medical office building in Staunton, VA, offers a compelling investment opportunity. The 7,500 square foot property is 100% occupied by Ivy Rehab Synergy Physical Therapy under a modified gross lease with a remaining term of 4.6 years, expiring June 29, 2029, and includes two 5-year renewal options. Built in 2006, this single-story, single-tenant building sits on a 0.25-acre lot and boasts a strong NOI of $76,988, resulting in a 7.62% cap rate and a price per square foot of $134.67. The asking price is $1,010,000. The property benefits from its location on Commerce Road, a major thoroughfare with high daily traffic volume (13,595 vehicles per day), providing excellent visibility and accessibility. Its proximity to downtown Staunton offers convenient access to amenities. This investment presents a secure, stable income stream with significant upside potential through lease renewals. The property is a condominium ownership. The tenant has a corporate guarantee. Annual rent increases are 2%.