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Shopping Strip

11,520 SF Strip Center | Washington, D.C. MSA | Below Replacement Cost

11084 Marsh Rd, Bealeton, VA 22712

Listing Price: $2,451,478

Cap Rate
6.90%
Gross SF
11,520
Rentable SF
11,520
Price/Gross SF
$212.80
Lot Size
1.31 acres
Year Built
2006

Investment Overview

Marcus & Millichap, on the behalf of ownership, is pleased to exclusively offer Polo Station in Bealeton, Virginia (the “Offering”). The 11,520-square-foot strip is presently 100% percent occupied by local, neighborhood-oriented retailers. The offering presents an investor the opportunity to acquire a newer construction strip center with an established tenant mix. The Offering is extremely well-maintained and priced below replacement cost today with quality construction. Ownership developed, leases, and manages the property. They recently signed two new tenants at $20 and $18-per-square-foot, demonstrating the ability to increase rents. Polo Station is located less than one-mile from the 32-acre mixed-used community of Mintbrook. The development has plans for a town center with a grocery anchor, a hotel and up to 665 units divided amongst single-family homes, townhomes, and senior apartments. There are also two other proposed housing communities with 380 units expected. The expected population growth has prompted a $12M expansion to Cedar Lee Middle School to increase the student population by another 300 students. This will be one of the largest middle schools in the county. The approved developments are expected to add over 20,000 cars per day to Route 17 traffic by 2024. The property has frontage along Route 17 (20,000 VPD) just north of its intersection with Route 28 for a combined 33,200 vehicles per day. The Route 17 corridor is a major highway providing an increasingly popular connection between Interstate-95, Interstate-66 and Interstate -81. Located in Northern Virginia’s Fauquier County, Bealeton is considered part of the Washington, DC MSA, just 40 miles southwest of the Nation’s Capital. The County is one of the fastest-growing and highest-income counties in the entire country. Presently, within three miles, residents have an Average Household Income of $104,046 and population is projected to grow by five percent by 2025.

Investment Highlights

  • Low Management Strip Center
  • Annual Rental Increases for all Tenants
  • Opportunity to Increase Rents to Market

Exclusively Listed By

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

Shopping Strip

11,520 SF Strip Center | Washington, D.C. MSA | Below Replacement Cost

Listing Price: $2,451,478

Cap Rate
6.90%
Gross SF
11,520
Rentable SF
11,520
Price/Gross SF
$212.80
Lot Size
1.31 acres
Year Built
2006

Investment Highlights

  • Low Management Strip Center
  • Annual Rental Increases for all Tenants
  • Opportunity to Increase Rents to Market

Investment Overview

Marcus & Millichap, on the behalf of ownership, is pleased to exclusively offer Polo Station in Bealeton, Virginia (the “Offering”). The 11,520-square-foot strip is presently 100% percent occupied by local, neighborhood-oriented retailers. The offering presents an investor the opportunity to acquire a newer construction strip center with an established tenant mix. The Offering is extremely well-maintained and priced below replacement cost today with quality construction. Ownership developed, leases, and manages the property. They recently signed two new tenants at $20 and $18-per-square-foot, demonstrating the ability to increase rents. Polo Station is located less than one-mile from the 32-acre mixed-used community of Mintbrook. The development has plans for a town center with a grocery anchor, a hotel and up to 665 units divided amongst single-family homes, townhomes, and senior apartments. There are also two other proposed housing communities with 380 units expected. The expected population growth has prompted a $12M expansion to Cedar Lee Middle School to increase the student population by another 300 students. This will be one of the largest middle schools in the county. The approved developments are expected to add over 20,000 cars per day to Route 17 traffic by 2024. The property has frontage along Route 17 (20,000 VPD) just north of its intersection with Route 28 for a combined 33,200 vehicles per day. The Route 17 corridor is a major highway providing an increasingly popular connection between Interstate-95, Interstate-66 and Interstate -81. Located in Northern Virginia’s Fauquier County, Bealeton is considered part of the Washington, DC MSA, just 40 miles southwest of the Nation’s Capital. The County is one of the fastest-growing and highest-income counties in the entire country. Presently, within three miles, residents have an Average Household Income of $104,046 and population is projected to grow by five percent by 2025.

Exclusively Listed By

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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