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Shopping Strip

Three Tenant Strip | Washington, D.C. MSA

145 Riverton Commons Dr, Front Royal, VA 22630

Listing Price: $4,250,000

Cap Rate
5.40%
Gross SF
6,052
Rentable SF
6,052
Price/Gross SF
$702.25
Lot Size
1.52 acres
Year Built
2021

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this newly constructed (2020) three-tenant strip center in Front Royal, Virginia, the seat of Warren County and a bedroom community to Washington, D.C. (the “Offering”). The 6,052-square-foot strip is fully occupied and leased to key national names including Chipotle and Five Guys, and immensely benefits from shadow-anchors including Aldi, Lowe’s Home Improvement and Super Walmart. The Offering presents an investor a high-quality signalized corner entry pad location with cleanly structured net leases which result in attractive net operating income (NOI) growth. Financial projections indicate this property’s compounded annual growth rate (CAGR) will be nearly 2% over a 10-year hold.

Investment Highlights

  • 10-Year NNN Leases with Structured Rental Increases
  • Prominent 1.52 Acre Signaled Corner Parcel at Entrance to Walmart & Lowe's Center
  • The Dominant Intersection in the Retail Corridor

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Shopping Strip

Three Tenant Strip | Washington, D.C. MSA

Listing Price: $4,250,000

Cap Rate
5.40%
Gross SF
6,052
Rentable SF
6,052
Price/Gross SF
$702.25
Lot Size
1.52 acres
Year Built
2021

Investment Highlights

  • 10-Year NNN Leases with Structured Rental Increases
  • Prominent 1.52 Acre Signaled Corner Parcel at Entrance to Walmart & Lowe's Center
  • The Dominant Intersection in the Retail Corridor

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this newly constructed (2020) three-tenant strip center in Front Royal, Virginia, the seat of Warren County and a bedroom community to Washington, D.C. (the “Offering”). The 6,052-square-foot strip is fully occupied and leased to key national names including Chipotle and Five Guys, and immensely benefits from shadow-anchors including Aldi, Lowe’s Home Improvement and Super Walmart. The Offering presents an investor a high-quality signalized corner entry pad location with cleanly structured net leases which result in attractive net operating income (NOI) growth. Financial projections indicate this property’s compounded annual growth rate (CAGR) will be nearly 2% over a 10-year hold.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

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