680 Potomac Station Dr NE - Bank FOR SALE


Leesburg, VA 20176- Outer Leesburg
$3,806,000 USD
980-498-3293
680 Potomac Station Dr NE, Leesburg, VA for Sale
$3,806,000 USD
Bank - FOR SALE
1/5
null | 5.25% Cap Rate

680 Potomac Station Dr NE
Leesburg, VA 20176
Outer Leesburg


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • HIGHLY AFFLUENT DEMOGRAPHICS
  • RECENT RENOVATION

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B WASHINGTON, D.C. MSA - Located just 14 miles from Dulles International Airport which services over 20 million people annually - The Washington MSA is one of the countries most educated and affluent MSA’s in the country - Washington’s GMP (Gross metropolitan product) is over $541B, making it the 5th largest metro in the Country RECENT RENOVATION - Located at a lighted intersection of Potomac Station Dr - The Building has recently been converted to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance DENSE RETAIL NODE - Adjacent to the site is Potomac Station, a 1,400+ home residential community - Within a 1-mile radius of the site is more than 2.4M SF of retail space - Nearby national retailers include: Lowe’s Home Improvement, ALDI, Giant Food, Best Buy, Wegmans, and more HIGHLY AFFLUENT DEMOGRAPHICS - The average household income for 1,3,5 mile radiuses are all over $190K - The AHHI for all three boundaries are more than double the national average of $80K - With more than 120K people within a 5-mile radius, there is a large customer base - Across the Street from Harper Park Middle School (880 Students) and John W Tolbert (615 Students)

FOR SALE DETAILS

PRICE

$3,806,000 USD

PRICE/SF

$914 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

LB:PRN

APN/PARCEL ID

148-27-6339

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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