1360 N Shenandoah Ave, Front Royal, VA 22630

This exceptional investment opportunity presents a stabilized medical office building in Front Royal, Virginia, currently occupied by a DaVita Dialysis center under a long-term NNN lease. The property, custom-built for the tenant in 2012, boasts over $1 million in tenant-funded improvements, including a comprehensive sprinkler system. The lease, with a remaining term of 4 years and 8 months, includes two 5-year options, ensuring long-term stability. Annual rent increases of 2% are built into the lease, along with a $1,000 management fee subject to 3% annual increases. The landlord's responsibilities are limited to roof and structural maintenance, minimizing operational burdens. The property offers a compelling 6.10% cap rate based on a current Net Operating Income (NOI) of $109,975, making it an attractive addition to any diversified real estate portfolio. The corporate guarantee provided by DaVita further enhances the security of this investment. The address is 1360 N Shenandoah Ave, Front Royal, VA 22630. The asking price is $2,000,000. The occupancy date was April 5th, 2011, and the lease expires April 5th, 2040.