Description
Rare net leased investment opportunity in the heart of Historic Downtown Fredericksburg.Roof was replaced in March of 2022. Over 3 years remaining on initial term of lease. Tenant has a 5-year renewal option which includes a 4.5% increase on base rent bringing NOI to $144,000 per annum.
$1,850,000
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0BEDS
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0.45ACRES
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0BATHS
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01/2 BATHS
Description
Rare net leased investment opportunity in the heart of Historic Downtown Fredericksburg.Roof was replaced in March of 2022. Over 3 years remaining on initial term of lease. Tenant has a 5-year renewal option which includes a 4.5% increase on base rent bringing NOI to $144,000 per annum.
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