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716 Denbigh Boulevard
Newport News, VA 23608
Asking Price
$1.50M
Cap Rate
8.25%
Asset Type
Medical Office Retail
Class
Class B
What's Special
Office | 8.25% CAP | 6,344 SqFt <p>» ±3 Years Remaining on Lease with 3% Annual Rent Increases and Multiple Renewal Options</p><p>» 147,121 Residents within a 5-Mile Radius - Growing Newport News Trade Area</p><p>» Adjacent to Bon Secours Mary Immaculate Hospital (120+ Beds)</p><p>» Located within the Denbigh Medical Center Office Complex</p><p>» Average Household Income Exceeds $87,000 within the Surrounding Area</p><p>» Immediate Proximity to Charter Senior Living of Newport News and Warwick Forest Retirement Community</p><p
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.04%
Monthly Payment
$7,431.076
Annual Cash Flow
$-9,172.918
