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

Offering Memorandum

To download this Offering Memorandum, please enter your name, email and phone.
Continue

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

Share Property

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