For Sale
$318,000

1901 Bob White Blvd Pulaski, VA 24301

Stable, high-return office investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This stabilized Class B office building, located at 1901 Bob White Blvd, Pulaski, VA 24301, presents a compelling investment opportunity. The property features 2,506 square feet situated on a 0.725-acre lot, with a permitted commercial zoning. Currently 100% occupied by a credit-rated tenant under a triple net (NNN) lease, this single-tenant property offers a long-term, secure investment. The lease commenced September 1, 2023, and has a remaining term of 3.8 years, with two five-year renewal options. The building, constructed in 1995 and renovated in 2023, boasts a 7.77% cap rate and a price per square foot of $126.90. The asking price is $318,000. This is a single-story building offering a stable, steady cash flow from a long-term tenant, the Commonwealth of Virginia, providing investment-grade security. The property's APN is 073-001-0000-0152. This is an exceptional opportunity for investors seeking a low-risk, high-yield investment with a strong tenant and significant remaining lease term.

Highlights

  • Class B office building, 2,506 SF, on 0.725-acre lot in Pulaski, VA.
  • 100% occupied by credit-rated tenant under a NNN lease.
  • $318,000 asking price, $126.90/SF.
  • 7.77% cap rate; 3.8-year lease term with two 5-year options.
  • Recently renovated (2023), built in 1995; APN 073-001-0000-0152.

Property Details for 1901 Bob White Blvd

Property type
Office properties
Square Feet
2,506 SF
Class
B
Year Built/Renovated
1995/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
31,581 SF

Location Insight

City
Pulaski
County
Pulaski
State
Virginia
Latitude
37.059319838617
Longitude
-80.74364585882

FAQs

What type of property is this?
Office property - Stable, high-return office investment.
Where is the office property located?
The property is located at 1901 Bob White Blvd Pulaski, VA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Class B office building, 2,506 SF, on 0.725-acre lot in Pulaski, VA.; 100% occupied by credit-rated tenant under a NNN lease.; $318,000 asking price, $126.90/SF.
How can I contact the broker?
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1901 Bob White Blvd
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