14079 Richmond Hwy - Retail FOR SALE


Woodbridge, VA 22191
$7,425,000 USD
202-286-1542
14079 Richmond Hwy, Woodbridge, VA for Sale
$7,425,000 USD
Retail - FOR SALE
1/11
null | 5.6% Cap Rate

14079 Richmond Hwy
Woodbridge, VA 22191


OVERVIEW

• Multi-tenant retail investment opportunity in Woodbridge, Virginia, an affluent suburb of Washington, D.C. • Offering includes a multi-tenant building featuring a diverse lineup of tenants including Advance Auto Parts, Little Caesars, Boost Mobile & Sherwin-Williams • All tenants occupying the multi-tenant property operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor • Majority of the tenants in this offering feature scheduled rental increases, growing NOI and hedging against inflation • The property is strategically located along Jefferson Davis / Richmond Highway, a major thoroughfare serving the region, which averages 38,000 vehicles passing by daily • The Children of America-anchored multi-tenant property is located just off of Jefferson Davis Highway and is situated on E. Longview Drive, which averages 9,700 vehicles per day • The property is ideally situated as an outparcel to Marumsco Plaza, a shopping center anchored by Family Dollar and Todo’s Supermarket in the heart of a dense retail corridor • Other nearby national/credit tenants include 7-Eleven, McDonald’s, Pepboys, Valvoline, Aaron’s, Planet Fitness, and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • The 5-mile trade area is supported by more than 203,900 residents and 53,700 employees, providing a direct consumer base to draw • Residents within 5 miles of the subject property boast an affluent average household income of $141,857 • Woodbridge, Virginia is located just 23 miles from Washington DC, and benefits from close proximity to Arlington, Alexandria, and Crystal City

FOR SALE DETAILS

PRICE

$7,425,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marumsco Plaza - Woodbridge, VA

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,175 SF

ZONING

B1

APN/PARCEL ID

8392-72-8056

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 Policy.