Bank

Wells Fargo | Washington D.C. MSA | NNN Ground Lease | Strong Annual Deposits: $106M+

12711 Marblestone Dr, Woodbridge (Washington DC MSA), VA 22192

Listing Price: $3,009,183

Cap Rate
5.75%
Tenant Name
Wells Fargo
Years Remaining On Lease
4.40
Gross SF
4,010
Guarantor
Corporate Guarantee
Rentable SF
4,010
Price/Gross SF
$750.42
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.15

Investment Overview

Woodbridge is a census-designated place (CDP) in Prince William County, Virginia, located 20 miles south of Washington, D.C. Woodbridge offers a variety of amenities for residents and visitors, including the Potomac Mills shopping mall and the Stonebridge at Potomac Town Centre Shopping Centers. Woodbridge is served by the Prince William County Public Schools, and the Woodbridge campus of Northern Virginia Community College borders the district. Sentara Northern Virginia Medical Center, formerly Potomac Hospital, recently expanded and now has the capacity to serve 183 patients. Transportation includes access to Interstate 95, two VRE commuter train stations, bus service, and a local “slugging” system, offering residents a variety of transit options. Woodbridge experienced its current development boom in the mid-1980s, after being a municipality composed largely of either farms or industrial complexes, as an annex of sorts of Dale City, which had been forged as a planned community in the 1960s and 1970s. Woodbridge is a suburban city because many of its residents are employed in nearby Washington, D.C.

Investment Highlights

  • NNN Ground Lease Featuring 10% Rental Increases at Each Option. Strong Annual Deposits Over $106 Million. Deposits Trending Up Year Over Year w/ a 38% Increase from the Prior Year.
  • 15+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Visibility with Daily Traffic Counts Exceeding 46k Vehicles.
  • The Property Benefits from its Location at the Entrance to the County Center Crossing, a Recently Completed 850 Unit Residential Community. Near Several Large Retail & Housing Developments Under Construction and Located Directly Across from the Prince William County Government Complex.
  • Near Numerous National Retailers including Food Lion, Safeway, Giant, Walgreens, CVS Pharmacy, Harris Teeter, Orangetheory Fitness and many more.
  • Immediate Area Experiencing Major Growth - Densely Populated & Affluent Washington D.C. Suburb: Features an Average Household Income of more than $131k and 191k+ People Residing within a 5-Mile Radius.
  • In Close Proximity to Potomac Mills - One of the Largest Outlet Malls in Northern Virginia. Features more than 225 Brand-Name & Manufacturer's Outlets and a vast selection of Restaurants.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Bank

Wells Fargo | Washington D.C. MSA | NNN Ground Lease | Strong Annual Deposits: $106M+

Listing Price: $3,009,183

Cap Rate
5.75%
Tenant Name
Wells Fargo
Years Remaining On Lease
4.40
Gross SF
4,010
Guarantor
Corporate Guarantee
Rentable SF
4,010
Price/Gross SF
$750.42
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.15

Investment Highlights

  • NNN Ground Lease Featuring 10% Rental Increases at Each Option. Strong Annual Deposits Over $106 Million. Deposits Trending Up Year Over Year w/ a 38% Increase from the Prior Year.
  • 15+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Visibility with Daily Traffic Counts Exceeding 46k Vehicles.
  • The Property Benefits from its Location at the Entrance to the County Center Crossing, a Recently Completed 850 Unit Residential Community. Near Several Large Retail & Housing Developments Under Construction and Located Directly Across from the Prince William County Government Complex.
  • Near Numerous National Retailers including Food Lion, Safeway, Giant, Walgreens, CVS Pharmacy, Harris Teeter, Orangetheory Fitness and many more.
  • Immediate Area Experiencing Major Growth - Densely Populated & Affluent Washington D.C. Suburb: Features an Average Household Income of more than $131k and 191k+ People Residing within a 5-Mile Radius.
  • In Close Proximity to Potomac Mills - One of the Largest Outlet Malls in Northern Virginia. Features more than 225 Brand-Name & Manufacturer's Outlets and a vast selection of Restaurants.

Investment Overview

Woodbridge is a census-designated place (CDP) in Prince William County, Virginia, located 20 miles south of Washington, D.C. Woodbridge offers a variety of amenities for residents and visitors, including the Potomac Mills shopping mall and the Stonebridge at Potomac Town Centre Shopping Centers. Woodbridge is served by the Prince William County Public Schools, and the Woodbridge campus of Northern Virginia Community College borders the district. Sentara Northern Virginia Medical Center, formerly Potomac Hospital, recently expanded and now has the capacity to serve 183 patients. Transportation includes access to Interstate 95, two VRE commuter train stations, bus service, and a local “slugging” system, offering residents a variety of transit options. Woodbridge experienced its current development boom in the mid-1980s, after being a municipality composed largely of either farms or industrial complexes, as an annex of sorts of Dale City, which had been forged as a planned community in the 1960s and 1970s. Woodbridge is a suburban city because many of its residents are employed in nearby Washington, D.C.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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