Commercial Automotive Building for Sale in Prime Area with NNN
Commercial Automotive Building for Sale in Prime Area in Fredericksburg/ Spotsylvania County, Virginia. Listing price is $1.3 Million and has two long term tenants. Had appraisal done which supports asking price of $1.3 Million.
Listing is posted on http://www.loopnet.com/for-sale/fredericksburg-va-....
Meineke occupies half and has a lease active until April 2021.
Brauning occupies other half and has active lease until December 2020.
Meineke has occupied for approximately 30 years and Brauning has occupied for approximately 20 years.
This is a true triple NNN lease, tenants are responsible for everything inside the buildings (including HVAC, electrical, plumbing) and tenants pay all taxes, insurance, and road maintenance fees for being within the Spotsylvania Town Centre. This property is located across from Central Park in Fredericksburg, VA.
Current rents are:
Brauning: $4417.27
Meineke: $5,100.00
Appraisal is available upon request.