1901 Bob White BlvdPulaski, VA 24301

For Sale
$318,000

Stable, high-return office investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Other office properties, 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
1901 Bob White Blvd, Pulaski, Virginia

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1901 Bob White Blvd
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