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OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
OFFICE/INDUSTRIAL SALE LEASEBACK 676 N. MAIN STREET ▫ KILMARNOCK, VIRGINIA 22482
ELITE
DONNY SELF, CCIM 540.842.6202 540.548.1023 [email protected] 1201 Central Park Blvd. Fredericksburg, Virginia 22401
For More Information Contact:
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
1201 Central Park Boulevard | Fredericksburg, Virginia 22401 | 540.786.1402
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PROPERTY OVERVIEW
676 N. MAIN STREET ▫ KILMARNOCK, VIRGINIA 22482
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA Executive Summary
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
Coldwell Banker Commercial Elite is pleased to present this opportunity to purchase an existing 7,500 SF office building on 3+ Acres in Kilmarnock, Virginia. The sale of this property is subject to a sale-leaseback, where the Tenant MD Associates will leaseback the property for a term of 5 years with a 5 year option to extend.
The property is located on North Main Street in Kilmarnock, VA, the heart of the Northern Neck. Situated along the main retail corridor in Kilmarnock and directly adjacent to the area’s Super Walmart the property is convenient to numerous amenities including shopping and dining. This property has great access off of N Main Street with 9,800 VPD passing by the property.
The tenant MDAssociates has 30+ years of experience in the Medical Business Management Field and this property is the location of their Corporate Headquarters.
This property provides a great opportunity to purchase an income producing property with a strong tenant in place and great potential for future upside.
• Sale-Leaseback Opportunity;The tenant MD Associates willsign/execute a 5-year leasewith a 5 year option to extend
• 7,500 SF Office Building on 3.307Acres in Kilmarnock, VA
• MD Associate has 30+ years inthe Medical BusinessManagement Field
• MD Associate Corporate HQ
• Located in Kilmarnock,VA- theHeart of the Northern Neck
• Adjacent to WalmartAnchored Shopping Center with numerous amenities nearby
9,800 ADT
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MDASSOCIATES-KILMARNOCK-VA PROPERTY OVERVIEW
PROPERTY SPECIFICATIONS
THE PROPERTY 676 N. Main Street Kilmarnock, VA 22482
Property Type: Office/Industrial
Total Land: 3.307 Acres
Parcel ID 23-66
Building Size: 7,500 +/- SF
Zoning: C-1
Number of Stories: 1
Year Built/Renovated: 2001
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
LEASE SUMMARY
Guarantor/Tenant MDAssociates
Lease Type Net Lease
Lease Term 5 Years
Option (1) 5 years
Lease Commencement TBD
Annual Rent $100,000
CAP Rate 8%
Sales Price $1,250,000
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MDASSOCIATES-KILMARNOCK-VA
TENANT INFORMATION
MD ASSOCIATES
1201 Central Park Boulevard | Fredericksburg, Virginia 22401 | 540.786.1402
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OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA Tenant Overview
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
About MDAssociates, Inc.
With a nearly 30-year history in medical business management, MDAssociates designs and manages successful business solutions for healthcare systems as well as independent and hospital-based practices of virtually all medical specialties. Their knowledge and experience can help companies take control of the business of healthcare, overcome cash flow challenges, comply with regulations and ensure the financial future of your practice. Since 1984, MDAssociate has provided comprehensive medical business management services for: • Hospital-based specialty groups • Independent and employed practices • Office-based practices • Professional and facility services • New practices Services Provided:
• Revenue Cycle Management • Custom Accounts Receivable Services • Practice Consulting
Year Founded: 1984
Headquarters: Kilmarnock, VA
Website:
mdassocaitesinc.com
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
LOCATION OVERVIEW
KILMARNOCK, VIRGINIA
1201 Central Park Boulevard | Fredericksburg, Virginia 22401 | 540.786.1402
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OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
Aerial Proximity Map
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
Demographics- Population & Housing 5-10-15 Mile Radius
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
Demographics- Income 5-10-15 Mile Radius
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
OFFICE/INDUSTRIAL SALE LEASEBACK ELITE
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MDASSOCIATES-KILMARNOCK-VA
OUR TEAM
BACKGROUND Donny Self is a Senior Sales Associate for Coldwell Banker Commercial Elite. In 2013 he was recognized as a Coldwell Banker Commercial Top 2% worldwide Sales Associate in the overall Coldwell Banker Commercial (CBC) affiliate network and also earned the CBC Circle of Distinction Silver Award. Mr. Self specializes in commercial investment sales and acquisitions, retail leasing, landlord/tenant representation, and has built a broad client base to include national and regional customers. Donny is currently working on earning the CCIM (Certified Commercial Investment Member) designation. Prior to joining Coldwell Banker Commercial Elite, Mr. Self was a Senior Sales Associate with the Silver Companies. Prior to joining Silver Companies, Mr. Self was Vice President of Northern Neck Distributing Company.
DONNY SELF Coldwell Banker Commercial ELITE 1201 Central Park Blvd Fredericksburg, VA 22401 Mobile: (540) 842.6202 [email protected]
EDUCATION University of Mary Washington- BS, Business Administration AWARDS CBC Top 2% Sales Associate Worldwide CBC Circle of Distinction Silver Award DESIGNATIONS & AFFILIATIONS Virginia CCIM Chapter National Association of Realtors Fredericksburg Area Association of Realtors Fredericksburg Chamber of Commerce Rappahannock Rotary Club ICSC-International Council of Shopping Centers
A Few Clients and Customers Served:
McDonald’s
Panera Bread Verizon
Hair Cuttery Taco Bell
Firehouse Subs Aaron’s Rents Sport’s Clips
KoKo Fit Club Quaker Steak and Lube
Richmond American Homes, Advance Auto
Bank of Lancaster AutoZone
Nextcare Urgent Care Northwest Federal Credit Union
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by
Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.