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 |
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YEAR BUILT | 1956 | COMMUNITY | 42 - Henrico |
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COUNTY | Henrico | STATUS | Active |
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PROPERTY TYPE(S) | Commercial | | |
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Prior to Aug 13, '24 | $325,000 |
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Aug 13, '24 - Today | $320,000 |
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AREA | 42 - Henrico |
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CONSTRUCTION | Brick |
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HEAT | Zoned |
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LOT | 0.49 acre(s) |
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LOT DESCRIPTION | Level |
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SEWER | Public Sewer |
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STORIES | 1 |
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WATER | Public |
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Last Updated: 9/7/24 7:26 PM PDT
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