Property Details

Chesterbrook Academy

Woodbridge, VA
Property ID: 11196

    Financial Summary

    Asking Price $4,000,000
    Cap Rate 6.00%
    Net Operating Income (NOI) $240,000
    Lease Type NNN
    Lease Term Remaining 7 Years
    Increases 10% Every 5 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733

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    Highlights

    • Absolute NNN lease; no landlord responsibilities
    • 10-year extension signed March 1, 2016 extending firm term through June 30, 2026; shows tenant's commitment to the site
    • Rent bumps 10% every 5 years including two (2), five (5) year option terms
    • Located near busy Merchant Plaza w/37,000+ VPD and surrounded by other nationally recognized tenants including grocery anchor Safeway, Chick-fil-A, McDonald’s, Chipotle, Starbucks, CVS, and The UPS Store
    • Washington, DC suburb; future job growth over the next ten years is predicted to be 37.46%
    • Direct access from Old Bridge Rd (37,000 VPD)
    • Average HH income of $127,369 within 1 mile
    • Population counts of 99,806 within 3 miles

    Location

    12960 Troupe Street
    Woodbridge, VA

    Leigh ClineChesterbrook Academy