202 Boatwright Ave Danville, VA 24541-1902

This exceptional investment opportunity presents a single-tenant, net-leased retail and office property located at 202 Boatwright Ave, Danville, VA 24541. The 9,840 square-foot building, constructed in 1965 and renovated in 2017, sits on a 1.44-acre lot and enjoys 100% occupancy by Biomat USA, a subsidiary of the global healthcare company Grifols. Biomat USA has occupied the property since December 1999, demonstrating a strong commitment with numerous lease extensions. The current lease extends to January 31, 2032, offering a remaining term of 7.2 years, and includes a 2% annual rental escalation. A single five-year renewal option is also available. The property generates a strong net operating income (NOI) of $231,282, resulting in an attractive 8.09% cap rate. The property benefits from its convenient location near major thoroughfares, including Central Boulevard (31,000 VPD), Riverside Drive (27,000 VPD), and The Danville Expressway (22,000 VPD). Its proximity to Galileo Magnet High School, Sovah Health Hospital (250 beds), and Averett University further enhances its appeal. The substantial population within a five-mile radius (over 48,500 people) with an average household income exceeding $61,800, contributes to the property's strong market position. An adjacent parcel provides additional parking, leased concurrently with the building, and features 3% annual rental escalations. This is a rare opportunity to acquire a stable, high-performing asset with a long-term tenant and significant upside potential. Specific rent bump details are available in the offering memorandum.