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Sheetz | 19 Years Remain | Washington, D.C. MSA | Year End Close Preferred

601 California Dr, Leesburg, VA 20176

Listing Price: $7,100,000

Cap Rate
4.06%
Tenant Name
Sheetz
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.14

Investment Overview

Located within two miles of three grocery-anchored retail developments. The Property is adjacent to the aforementioned Marketplace at Potomac Station anchored by Giant and Best Buy, and is within two-miles to The Shops at Russell Branch, a new 61,830-square-foot neighborhood center anchored by Aldi and Lowe’s Home Improvement, and the Wegmans anchored Village at Leesburg. The 1.2 million-square-foot mixed-use, lifestyle center is co-anchored by LA Fitness and CMX Cinemas, and features over 70 national, regional and boutique retail shops and restaurants, Class A Office space, and 335 luxury apartments. The property is also 1.5 miles to the popular Leesburg Premium Outlets with over 100 designer and name-brand outlet stores. Lastly, two area schools, John W. Tolbert Jr. Elementary School and Harper Park Middle School, are located behind the property and have a combined 1,764 students.

Investment Highlights

  • 19+ Year Term Ground Lease with 10 Percent Increases Every Five Years
  • Below Market Rental Rate; Absolute NNN Ground Lease
  • Exceptional Northern Virginia Demographics

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District 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

Auto Service - Gas-Conv

Sheetz | 19 Years Remain | Washington, D.C. MSA | Year End Close Preferred

Listing Price: $7,100,000

Cap Rate
4.06%
Tenant Name
Sheetz
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.14

Investment Highlights

  • 19+ Year Term Ground Lease with 10 Percent Increases Every Five Years
  • Below Market Rental Rate; Absolute NNN Ground Lease
  • Exceptional Northern Virginia Demographics

Investment Overview

Located within two miles of three grocery-anchored retail developments. The Property is adjacent to the aforementioned Marketplace at Potomac Station anchored by Giant and Best Buy, and is within two-miles to The Shops at Russell Branch, a new 61,830-square-foot neighborhood center anchored by Aldi and Lowe’s Home Improvement, and the Wegmans anchored Village at Leesburg. The 1.2 million-square-foot mixed-use, lifestyle center is co-anchored by LA Fitness and CMX Cinemas, and features over 70 national, regional and boutique retail shops and restaurants, Class A Office space, and 335 luxury apartments. The property is also 1.5 miles to the popular Leesburg Premium Outlets with over 100 designer and name-brand outlet stores. Lastly, two area schools, John W. Tolbert Jr. Elementary School and Harper Park Middle School, are located behind the property and have a combined 1,764 students.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District 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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