Property Details

SunTrust Bank

Purcellville, VA
Property ID: 7072

Financial Summary

Asking Price $7,475,000
Cap Rate 5.15%
Net Operating Income (NOI) $385,000
Lease Type Ground Lease
Lease Term Remaining 14 Years
The Offering Memorandum for this property is no longer available.


Andrew Fallon
Executive Managing Director

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  • 14 year bank ground lease
  • Investment grade credit (S&P: BBB+)
  • New construction, opened December 2017
  • 10% rent increases every 5 years & throughout option periods
  • Part of the Harris Teeter anchored Purcellville Gateway Shopping Center with other national retail tenants including Chick-fil-A, Starbucks & MOD Pizza
  • Washington, DC suburb
  • Located off Route 7 in Northern Virginia on Berlin Turnpike and E Main Street with traffic counts of 17,400 VPD
  • Northern VA market with high 2.05% annual population growth
  • Average HH income of $121,063 within 1 mile
  • Corner pad at signalized entrance, great visibility

Net Lease Advisor

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160 Purcellville Gateway Dr
Purcellville, VA

Leigh ClineSunTrust Bank