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Single-Tenant Office Medical

NoVa Ortho & Spine | Washington, D.C. MSA | Rare 3% Escalations

14348 Gideon Dr, Woodbridge, VA 22192

Listing Price: $7,090,417

Cap Rate
6.00%
Tenant Name
NoVa Orthopedic & Spine
Years Remaining On Lease
10.3
Gross SF
10,010
Guarantor
General Partnership
Rentable SF
10,010
Price/Gross SF
$708.33
Lease Type
Absolute Net
Rent Per Square Feet
$42.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Net-Leased Medical Office building at 14348 Gideon Drive, Woodbridge, VA. The Property is located in the heart of Woodbridge’s retail corridor and within .5 miles of I-95 and Sentara’s Northern Virginia Medical Center, a 183-bed hCoasppittal.i on Fully remodeled in 2021, the Property is located strategically in front of the Potomac Mills Mall and right off Prince William Parkway and I-95. The Property underwent a $1 million renovation in 2021 and features state-of-the-art equipment. NoVa Orthopedic & Spine will sign a brand-new, 10-year Absolute NNN lease at close of escrow. This is NoVa Orthopedic & Spine’s third location within .5 miles of the Sentara Northern Virginia Medical Center. Moreover, NoVa Orthopedic & Spine is a member of Centers for Advanced Orthopaedics, which is the largest private orthopedic group in the United States.

Investment Highlights

  • Strong, Escalating Cash Flow – Absolute Triple-net lease with 10 years of first-generation lease term (and 2, 5-year renewal options) with rare 3% annual escalations
  • High Tenant Renewal Probability – Brand new, fully renovated built-to suit asset with significant tenant investment (over $100/SF) and proximity to permanent demand drivers
  • Perpetual Medical Demand Drivers – The Property is ½-mile from Sentara Northern Virginia Medical Center Hospital and is less than two miles from Kaiser Permanente's new $200 million Mid-Atlantic Hub
  • Established, Permanent Tenancy in this Market – NoVa Orthopedic and Spine Care established its first location in this market in 2011 and have since expanded into three synergistic locations all within a one-mile radius
  • Marcus & Millichap is pleased to present the exclusive listing for the Net-Leased Medical Office building at 14348 Gideon Drive, Woodbridge, VA. The Property is located in the heart of Woodbridge's retail corridor and within .5 miles of I-95 and Sentara's Northern Virginia Medical Center, a 183-bed hospital. Fully remodeled in 2021, the Property is located strategically in front of the Potomac Mills Mall and right off Prince William Parkway and I-95. The Property underwent a $1 million+ renovat
  • Tremendous Accessibility – The Property is located with easy access to Opitz Boulevard, Telegraph Road, Prince William County Parkway, and Interstate 95

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Single-Tenant Office Medical

NoVa Ortho & Spine | Washington, D.C. MSA | Rare 3% Escalations

Listing Price: $7,090,417

Cap Rate
6.00%
Tenant Name
NoVa Orthopedic & Spine
Years Remaining On Lease
10.3
Gross SF
10,010
Guarantor
General Partnership
Rentable SF
10,010
Price/Gross SF
$708.33
Lease Type
Absolute Net
Rent Per Square Feet
$42.50

Investment Highlights

  • Strong, Escalating Cash Flow – Absolute Triple-net lease with 10 years of first-generation lease term (and 2, 5-year renewal options) with rare 3% annual escalations
  • High Tenant Renewal Probability – Brand new, fully renovated built-to suit asset with significant tenant investment (over $100/SF) and proximity to permanent demand drivers
  • Perpetual Medical Demand Drivers – The Property is ½-mile from Sentara Northern Virginia Medical Center Hospital and is less than two miles from Kaiser Permanente's new $200 million Mid-Atlantic Hub
  • Established, Permanent Tenancy in this Market – NoVa Orthopedic and Spine Care established its first location in this market in 2011 and have since expanded into three synergistic locations all within a one-mile radius
  • Marcus & Millichap is pleased to present the exclusive listing for the Net-Leased Medical Office building at 14348 Gideon Drive, Woodbridge, VA. The Property is located in the heart of Woodbridge's retail corridor and within .5 miles of I-95 and Sentara's Northern Virginia Medical Center, a 183-bed hospital. Fully remodeled in 2021, the Property is located strategically in front of the Potomac Mills Mall and right off Prince William Parkway and I-95. The Property underwent a $1 million+ renovat
  • Tremendous Accessibility – The Property is located with easy access to Opitz Boulevard, Telegraph Road, Prince William County Parkway, and Interstate 95

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Net-Leased Medical Office building at 14348 Gideon Drive, Woodbridge, VA. The Property is located in the heart of Woodbridge’s retail corridor and within .5 miles of I-95 and Sentara’s Northern Virginia Medical Center, a 183-bed hCoasppittal.i on Fully remodeled in 2021, the Property is located strategically in front of the Potomac Mills Mall and right off Prince William Parkway and I-95. The Property underwent a $1 million renovation in 2021 and features state-of-the-art equipment. NoVa Orthopedic & Spine will sign a brand-new, 10-year Absolute NNN lease at close of escrow. This is NoVa Orthopedic & Spine’s third location within .5 miles of the Sentara Northern Virginia Medical Center. Moreover, NoVa Orthopedic & Spine is a member of Centers for Advanced Orthopaedics, which is the largest private orthopedic group in the United States.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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