1172 Garrisonville Rd - Convenience Store FOR SALE


Stafford, VA 22556
$3,846,000 USD
949-506-2012
1172 Garrisonville Rd, Stafford, VA for Sale
$3,846,000 USD
Convenience Store - FOR SALE
1/12
null | 5.2% Cap Rate

1172 Garrisonville Rd
Stafford, VA 22556


HIGHLIGHTS

  • 16+ Years Remaining | Below Market Rent | Scheduled Rental Increases
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized Hard Corner Location | Frontage to 72,000 VPD
  • Strong Washington DC MSA Demographics
  • Corridor Adjacent to Camp Barrett | Marine Corps Base Quantico | Home of The Basic School
  • Dense Retail Corridor | Surrounded by National Credit Tenants

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Wawa investment property located in Stafford, Virgina. The tenant, WAWA, INC signed a 20-year lease with 16+ years remaining, and 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years beginning lease year 11 throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$3,846,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa | 16+Yrs NNN GL | Below Market Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,472 SF

ZONING

Urban Commercial

APN/PARCEL ID

19U-5

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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