129 Ferrell StSouth Hill, VA 23970

Property Details for 129 Ferrell St

Year built

2006

Lot size

1.00 AC

Property size (Sq ft)

4,047 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

078A13-02--001D

APU

078A1302001D

Description

This exceptional investment opportunity presents a 3,350 square foot, freestanding medical office building located at 129 E Ferrell St, South Hill, VA 23970. The property boasts 100% occupancy with a strong, single tenant, MyEyeDr., under a Net Lease (NN) agreement. The asking price is $1,201,961, representing a compelling 7.50% cap rate and a price per square foot of $358.79. The building sits on a one-acre lot and enjoys excellent visibility and accessibility from E Ferrell Street. Its strategic location is equidistant from the state capitals of North Carolina and Virginia, and is just four miles from VCU Health Community Memorial Hospital, a significant healthcare provider with over 700 employees. The property benefits from proximity to numerous national retailers including Food Lion, Walmart, The Home Depot, T.J.Maxx, Tractor Supply Co., and Harbor Freight Tools. The lease includes annual rent bumps of 1% at the beginning of each calendar year, providing consistent rental income growth. The current Net Operating Income (NOI) is $90,147. This is a rare opportunity to acquire a high-performing, single-tenant medical office building in a strong market. Don't miss this chance to add a stable, high-yield asset to your portfolio.

Location Insight

City

South Hill

County

Mecklenburg

State

Virginia

Latitude

36.7335

Longitude

-78.1199

Property Tax & Assessments

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