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This exceptional investment opportunity in Henrico County features a vape shop under a triple net (NNN) lease with four years remaining. Currently generating $2,500 per month, the lease includes annual 3% rent increases, ensuring a steady and growing income stream. 9.8% Cap Rate! - The tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord responsibilities and maximizing net income. Located in a high-visibility area, this property benefits from the thriving vape industry and the strong market environment in Henrico County. With reliable income and minimal operational duties, this investment offers excellent long-term potential. Don't miss out on securing a hassle-free investment with guaranteed growth. New Roof, Electrical & Plumbing 2021
| DAYS ON MARKET | 59 | LAST UPDATED | 8/13/2024 |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | 42 - Henrico |
| COUNTY | Henrico | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Aug 13, '24 | $325,000 |
|---|---|
| Aug 13, '24 - Today | $320,000 |
| ADDITIONAL DETAILS | |
| AREA | 42 - Henrico |
|---|---|
| CONSTRUCTION | Brick |
| HEAT | Zoned |
| LOT | 0.49 acre(s) |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Last Updated: 9/7/24 7:26 PM PDT
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