STNL in Fairfax County, Virginia for 6.5% Cap, 18+Yrs on Lease
Single-Tenant Investment Property in Herndon, Virginia, less than a mile from the future Silver Line Metro stop due in 2020. Over 18 years remaining on initial lease with high-quality tenant. Great property for 1031 Exchange and passive investment income.
NOI: $269,591
CAP: 6.5%
LEASE BEGAN: November 2015
LEASE TYPE: 20-year, Absolute NNN
YEARS REMAINING ON INITIAL LEASE: 18 years
RENT INCREASES: 3% Annually
RENEWAL OPTIONS: 3 x 5 Years
BUILDING AREA: 7,014sqft
LAND AREA: 0.88 Acre
YEAR BUILT: 2007
Single-Tenant Absolute NNN Located in Herndon, VA.
Please email or call for more information including OM, Lease Terms, Tenant Info, Etc. Additional properties are available for sale, individually or portfolio.
Joe Serafin
Associate Broker | Director of Investment Sales & Acquisitions
Clarke-Hook | The Brokerage Group
O: 703.378.8500
C: 703.994.7510
14506E Lee Rd
Chantilly, VA. 20151