This exceptional 34,688 square foot office building, located at 202 N Loudoun St in Winchester, Virginia, presents a compelling investment opportunity. The property, built in 1986 and situated on a 0.72-acre lot, is currently fully leased to a credit-rated tenant under a 10-year absolute net lease, offering significant financial stability. The lease includes two 5-year renewal options, ensuring long-term income. The asking price of $8,672,000 represents a 6.00% cap rate, based on a net operating income (NOI) of $520,320. The lease features annual rent bumps of 3%, further enhancing the investment's return. The tenant is responsible for all building maintenance, repairs, and replacements, including a planned HVAC system replacement exceeding $1.2 million within the first year. The property boasts 25 parking spaces and enjoys a prime location across from the Old Town Winchester Walking Mall. The building is zoned B-1 and features three stories. This sale-leaseback transaction offers a secure, passive income stream with a strong tenant and a favorable market position in a low-vacancy submarket (3.2%) with significant historical rent growth (over 24% in the past 10 years). No new office construction is planned, making this a rare opportunity in a thriving market. The property's fee simple ownership provides complete control and long-term value appreciation potential.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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