129 Ferrell St, South Hill, VA 23970-2101

This exceptional investment opportunity presents a 3,350 square foot, freestanding medical office building located at 129 E Ferrell St, South Hill, VA 23970. The property boasts 100% occupancy with a strong, single tenant, MyEyeDr., under a Net Lease (NN) agreement. The asking price is $1,201,961, representing a compelling 7.50% cap rate and a price per square foot of $358.79. The building sits on a one-acre lot and enjoys excellent visibility and accessibility from E Ferrell Street. Its strategic location is equidistant from the state capitals of North Carolina and Virginia, and is just four miles from VCU Health Community Memorial Hospital, a significant healthcare provider with over 700 employees. The property benefits from proximity to numerous national retailers including Food Lion, Walmart, The Home Depot, T.J.Maxx, Tractor Supply Co., and Harbor Freight Tools. The lease includes annual rent bumps of 1% at the beginning of each calendar year, providing consistent rental income growth. The current Net Operating Income (NOI) is $90,147. This is a rare opportunity to acquire a high-performing, single-tenant medical office building in a strong market. Don't miss this chance to add a stable, high-yield asset to your portfolio.