Sale of a NNN Lease Investment Property in Lorton, VA.

NNN Lease Market News

Reston, VA – Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a triple net (NNN) lease investment property in Lorton, VA.
This "NNN" triple net leased property is a 3,695-square-foot office condominium. This "NNN" triple net leased property is located within the Lorton Station Town Center. The Tenant under the triple net lease is Defense contractor EOIR Technologies Inc. The purchaser of this triple net lease property a private investor. The NNN Lease Investment sold for $1.15 million, or about $311 per square foot.
This triple net lease property is newly constructed. The office condo offers office space with the NNN lease current. The primary NNN lease term was 7 years expiring in July 2016. The NNN lease has 3% annual rent bumps and provides for one 5-year extension option.

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