10691 Davidson Pl - Freestanding FOR SALE


Manassas, VA 20109- Sudley
$9,915,000 USD
202-286-1542
10691 Davidson Pl, Manassas, VA for Sale
$9,915,000 USD
Freestanding - FOR SALE
1/9
null | 4.7% Cap Rate

10691 Davidson Pl
Manassas, VA 20109
Sudley


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | 14+ Years Remaining | Scheduled Rental Increases | 24-Hour Store
  • Absolute NNN Ground Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Lowe’s | Near Sudley Towne Plaza, Bull Run Plaza
  • Rare Retail Opportunity | Nearby Residential Communities | High Barriers To Entry
  • Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

• Wawa corporate (1,100+ locations) signed lease • 14 years of initial term remaining with 6 (5-year) option periods to extend • The lease features 10% rental increases every 5 years, steadily growing NOI while providing a hedge against inflation • The Wawa is open 24/7, providing ease and convenience for customers

FOR SALE DETAILS

PRICE

$9,915,000 USD

PRICE/SF

$1,272 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Manassas VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

B-1

APN/PARCEL ID

7697-33-5350

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.