Modified Gross Medical Asset

M.D. Express Urgent Care | Gloucester, VA

Sands Investment Group is Pleased to Present For Sale the Modified Gross Medical Asset Located in Gloucester, Virginia. The Portfolio is Made up of 3 Properties Occupied By M.D. Express and Can Be Purchased Together or Individually. The Properties Are Owned and Manage By a Group of Doctors That Opened Their First Location in 2004. In 2010 the Brand Was Sold to Riverside Health System Who Continues to Remain as Both a Tenant and Employer of the M.D. Express Staff Including the Ownership Team Who Oversee the Urgent Cares, Emergency Medical Training and Telemedicine For Riverside. Riverside Has Shown Their Commitment to the Locations Through the Expansion of Services and Renting More Space For Their Official Telemedicine Office. All Leases Are Considered Modified Gross With the Ownership Completing Several Property Efficiency Upgrades in Recent Years.

  • 6567 George Washington Memorial Highway Has Been Home to M.D. Express Since 2013, an Urgent Care Brand With 5 Locations in the Hampton Roads Area
  • Future Opportunity Available to Develop Land Within the Site Originally Designed For Another 4,000 Square Foot Commercial Building; Plumbing Infrastructure Already In Place – Plans From Prior Permitting Available Upon Request
  • M.D. Express Serves as the Urgent Care Arm of Riverside Health; The Health System Serves Over 2 Million Patients a Year and Has 4 Main Hospitals and 3 Specialty Hospitals
  • When Comparing Annual Patient Visits in 2022 to 2019 (Pre-Covid) This Location Saw a 26% Increase
  • This Location Serves as a Reliever Facility For the Riverside Walter Reed Hospital ER Which is Less Than 5-Miles Away
  • M.D. Express is Ingrained in the Community at All Three (3) Locations and the Doctors Are an Integral Part of Riverside’s Future to Continue to Alleviate Pressures on Emergency Rooms
  • All Three (3) Locations Feature X-Ray Machines and Full Labs Which Goes Beyond the Typical Urgent Care
  • This Site Received Extensive Repairs and a Replacement of Its Septic System in 2022
  • 10-Mile Demographics Sees a Population of 39,007 Residents With an Average Income of $93,181
  • 30,442 Collected Vehicles Per Day at the Closest Major Intersection

In Cooperation With: Scot Reid & ParaSell Inc., a Licensed VA Broker #0226032019 Scott Reid & ParaSell, Inc. Works With Prospective Virginia Resident Buyers – SIG Works With Non-Resident Prospective Buyers

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Shoppes At Gloucester | Gloucester, VA


  • Shoppes At Gloucester is an 11-Unit Shopping Center that Perfectly Serves Over 38,000 Residents East of the York River
  • Dollar Tree, Big Lots, and Hibbett Sports are Publicly Traded Companies and Make up 71% of the Entire Center
  • Due to Embedded Rent Increases and Lease Up of the Vacant Space, the NOI is Projected to Grow by More than 24%
  • Stabilized Cap Rate in Year 2 is 10.37%
  • Five of the Seven Current Small Shop Space Tenants have Occupied the Shopping Center for Over Fifteen Years
  • Between 1970 and 2000, the County’s Population has Grown by Over 60% and this Additional Influx of New Residents have Encouraged Mass Commercial and Residential Development

SIG works with Non-Resident Prospective Buyers

In Cooperation with Russell Lynn Stanfield, VA Broker Lie# 0225222336 of JDS Real Estate Services, Inc. VA Broker Lie# 0226026959

JDS Real Estate Services, Inc. works with Prospective Virginia Resident Buyers