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.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • 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

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

160 Purcellville Gateway Dr
Purcellville, VA

Leigh ClineSunTrust Bank