Cedar Creek Station | Strasburg, VA
E X C L U S I V E L I S T I N G
NET LEASE INVESTMENT PROPERTY
Cedar Creek Station | Strasburg, VA Asking Price $2,850,000 | CAP Rate 8.88% 33 8 2 0 O l d Va l l ey Pike | Strasburg, Virginia Net Operating Income (NOI) Rent/Month Rent/SF Rentable Square Feet
$253,041* $24,224* $18.69* 15,547 +/- sf
Land Area Ownership Type Lease Type Landlord Responsibilities
2.021 +/- sf Fee Simple Absolute NNN Roof, Structure, Parking lot
*We are CAPing 2010 rents starting in an October/September year so it will not necessarily tie to the rents listed below on a calendar year basis.
COMPANIES, INC.
“YOUR SOURCE FOR INVESTMENT REAL ESTATE™”
CALKAIN REALTY ADVISORS Licensed Real Estate Broker
HIGHLIGHTS
»» »» »» »» »» »» »» »»
Excellent Investment Yield at Aggressive CAP Rate New Construction (2009) Strasburg’s Gateway Entrance at Interstate Intersection and near Virginia’s Inland Port. Modern brick professional complex with 15,000 sqft in Strasburg,Virginia Located at intersection of Interstate 81 and Rt. 11 just south of Interstate 66 Strong tenant mix with predominance of medical Supported by travelers, located adjacent to Fairfield Inn & Suites Also adjacent to Homewood Retirement Community and near the new 500,000 sqft. Solaris/Mercury Paper Plant. C A L K A I N C O M PA N I E S , I N C . WASHINGTON, DC | FLORIDA | MARYLAND | DELAWARE
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BETTY LEARNED FRIANT VICE PRESIDENT (703) 787-4714 [email protected]
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NET LEASE INVESTMENT PROPERTY
Cedar Creek Station | Strasburg, VA NOI
Rent/SF
Rentable SF
Term
Increases
Options
2,579
10 years
2.5%
One (1), Five (5)Year
2,983
5 years
3%
One (1), Five (5)Year
2,797
3 years
3%
Two (2), Five (5)Year
600
5 years
3%
One (1), Five (5)Year
2,236
8 years
3%*
Two (2), Five (5)Year
T H O M A S FA M ILY DENTISTRY $58,260
$22.59
VA LL E Y H E A LTH SYSTEMS $50,681
$16.99
S T RA S B U R G FAMILY PRACTICE $35,152
$16.00
W I N C H E S T E R FOOT AND ANKLE $8,400
$14.00
G O L D E N C H I NA ASIAN CUISINE $34,248
$15.32
N 2 H A I R $15,880
*On temporarily reduced rent schedule
$12.13
1,310
3 years
3%*
One (1), Five (5)Year One (1), Five (5)Year
S H E N A N D OA H PERSONAL COMMUNIC ATION COMPANY $22,356
$18.00
1,242
5 years
3%
2,400
7 years
3%*
C A S T I G L I A ’ S ITALIAN EATERY $39,000
$16.25
*On temporarily reduced rent schedule
Three (3), Five (5)Year
Balitmore
81
Washington, DC
C E DA R C R E E K S TAT I O N (SUBJECT SITE)
C COMPANIES, INC.
O
N
T A C
BETTY LEARNED FRIANT VICE PRESIDENT (703) 787-4714 [email protected]
T
NET LEASE INVESTMENT PROPERTY
Cedar Creek Station | Strasburg, VA Asking Price $2,850,000 | CAP Rate 8.88% 33 8 2 0 O l d Va l l ey Pike | Strasburg, Virginia Net Operating Income (NOI) Rent/Month Rent/SF Rentable Square Feet
$253,041* $24,224* $18.69* 15,547 +/- sf
Land Area Ownership Type Lease Type Landlord Responsibilities
2.021 +/- sf Fee Simple Absolute NNN Roof, Structure, Parking lot
*We are CAPing 2010 rents starting in an October/September year so it will not necessarily tie to the rents listed below on a calendar year basis.
COMPANIES, INC.
“YOUR SOURCE FOR INVESTMENT REAL ESTATE™”
CALKAIN REALTY ADVISORS Licensed Real Estate Broker
HIGHLIGHTS
»» »» »» »» »» »» »» »»
Excellent Investment Yield at Aggressive CAP Rate New Construction (2009) Strasburg’s Gateway Entrance at Interstate Intersection and near Virginia’s Inland Port. Modern brick professional complex with 15,000 sqft in Strasburg,Virginia Located at intersection of Interstate 81 and Rt. 11 just south of Interstate 66 Strong tenant mix with predominance of medical Supported by travelers, located adjacent to Fairfield Inn & Suites Also adjacent to Homewood Retirement Community and near the new 500,000 sqft. Solaris/Mercury Paper Plant. C A L K A I N C O M PA N I E S , I N C . WASHINGTON, DC | FLORIDA | MARYLAND | DELAWARE
C
O
N
T A C
BETTY LEARNED FRIANT VICE PRESIDENT (703) 787-4714 [email protected]
T
NET LEASE INVESTMENT PROPERTY
Cedar Creek Station | Strasburg, VA NOI
Rent/SF
Rentable SF
Term
Increases
Options
2,579
10 years
2.5%
One (1), Five (5)Year
2,983
5 years
3%
One (1), Five (5)Year
2,797
3 years
3%
Two (2), Five (5)Year
600
5 years
3%
One (1), Five (5)Year
2,236
8 years
3%*
Two (2), Five (5)Year
T H O M A S FA M ILY DENTISTRY $58,260
$22.59
VA LL E Y H E A LTH SYSTEMS $50,681
$16.99
S T RA S B U R G FAMILY PRACTICE $35,152
$16.00
W I N C H E S T E R FOOT AND ANKLE $8,400
$14.00
G O L D E N C H I NA ASIAN CUISINE $34,248
$15.32
N 2 H A I R $15,880
*On temporarily reduced rent schedule
$12.13
1,310
3 years
3%*
One (1), Five (5)Year One (1), Five (5)Year
S H E N A N D OA H PERSONAL COMMUNIC ATION COMPANY $22,356
$18.00
1,242
5 years
3%
2,400
7 years
3%*
C A S T I G L I A ’ S ITALIAN EATERY $39,000
$16.25
*On temporarily reduced rent schedule
Three (3), Five (5)Year
Balitmore
81
Washington, DC
C E DA R C R E E K S TAT I O N (SUBJECT SITE)
C COMPANIES, INC.
O
N
T A C
BETTY LEARNED FRIANT VICE PRESIDENT (703) 787-4714 [email protected]
T
