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4461 Cheshire Station Way 2,743 SF Retail Building Dale City, VA 22193 $4,967,158 ($1,810.85/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Ultra Rare 20 Year Corporate Wendy's Deal in Washington, D.C MSA
- Extremely High Store Sales Performance
- Close Proximity to I-95 and Potomac Mills Shopping Mall
- Rent Increase in Less than 3 Years Which will Increase Cap Rate 5%
- Pad Site to Safeway Anchored Shopping Center
- Superior Demographics - The property and area benefits from a population over 118,0000
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Wendy's located at 4461 Cheshire Station Plaza, Woodbridge, VA 22193. The site consists of roughly 2,743 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Wendy's is subject to a 30-year Triple Net (NNN) lease, which commenced 8/13/2015. The current annual rent is $235,940 and has scheduled increases of 10% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,743 SF
Building Class
B
Year Built
2002
Price
$4,967,158
Price Per SF
$1,810.85
Cap Rate
4.75%
NOI
$235,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Zoning
B1 - Central Business
Frontage
35’ on Cheshire Station Way
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Wendy's
- Accommodation and Food Services
- 2,211 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Wendy's | Accommodation and Food Services | 2,211 SF | - | Triple Net | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Gerry Ln | Dale Blvd, SW | 6,408 | 2022 | 0.18 mi |
| Dale Blvd | Forestdale Plz, SE | 29,143 | 2022 | 0.23 mi |
| Dale Boulevard | Forestdale Plz, SE | 28,802 | 2022 | 0.23 mi |
| Bluefin Dr | Croaker Ln, N | 1,367 | 2022 | 0.26 mi |
| Glendale Rd | Greenwood Dr, E | 1,602 | 2022 | 0.30 mi |
| Not Available | Not Available, No | 5,856 | 2020 | 0.31 mi |
| Gemini Way | - | 5,431 | 2022 | 0.31 mi |
| Dale Blvd | Gerry Ln, SE | 26,413 | 2022 | 0.31 mi |
| Forge Dr | Forge Ct, SW | 1,165 | 2022 | 0.33 mi |
| Glendale Rd | Greenwood Dr, SW | 1,114 | 2022 | 0.34 mi |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8192-50-5850 | Improvements Assessment | $748,600 |
| Land Assessment | $747,400 | Total Assessment | $1,496,000 |
PROPERTY TAXES
Parcel Number
8192-50-5850
Land Assessment
$747,400
Improvements Assessment
$748,600
Total Assessment
$1,496,000
MAP
ADDITIONAL PHOTOS
4461 Cheshire Station Plaza, Woodbridge, VA - ariel