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Bon Secours Primary Care 7041 Lee Park Rd 11,224 SF Office Building Mechanicsville, VA 23111 $4,540,928 CAD ($404.57 CAD/SF) 7% Cap Rate

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EXECUTIVE SUMMARY

Long-Term Tenure – Tenant has a long operating history at this site. This primary care practice has been at this location for 40+ years. Bon Secours has 4 years remaining on the current lease.
Investment Grade Credit – Bon Secours boasts investment grade credit (Moody's: A1), providing a secure investment, with annual revenue in excess of $13.3 billion.
Annual Escalations – Lease provides 3.00% annual rental escalations, providing a hedge against in?ation.
NN Lease Structure – Minimal landlord responsibilities, limited to roof and structure, making it a passive investment.
Strong Demographics – There are 82,203 residents with an average household income of $103,474 within a 5-mile radius of the property.
Desirable Lot Size & Building Footprint – 1.48-acre parcel with 11,224 SF of rentable space, ideal for future redevelopment or repositioning.

ATTACHMENTS

7041 Lee Park Rd

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,224 SF
Building Class
B
Year Built
1987
Price
$4,540,928 CAD
Price Per SF
$404.57 CAD
Cap Rate
7%
NOI
$317,857 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,224 SF
Building FAR
0.17
Lot Size
1.50 AC
Zoning
B-1 - Business
Parking
60 Spaces (5.35 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • May 2022

Bon Secours Mercy Health advances the healing ministry of Jesus by improving health and well-being across the communities it serves. Rooted in a Catholic tradition and inspired by the legacy of women religious, the organization prioritizes compassionate care for individuals who are poor, underserved, or facing end-of-life challenges. It fosters a culture where associates are engaged, clinicians are empowered, individuals pursue wellness, and communities thrive. Bon Secours Mercy Health upholds the sacredness of life, promotes ethical behavior, and embraces diversity and inclusion in all relationships. It is committed to walking with those it serves, recognizing that presence and empathy are as vital as action. Through responsible stewardship of human, financial, and environmental resources, the organization continues to honor its founding mission—extending care, hope, and healing to those in need.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance - - May 2022

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8714-99-2704
Land Assessment
$487,824 CAD
Improvements Assessment
$1,963,561 CAD
Total Assessment
$2,451,385 CAD
  • Listing ID: 35759356

  • Date on Market: 2025-05-06

  • Last Updated:

  • Address: 7041 Lee Park Rd, Mechanicsville, VA 23111

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