For Sale
$11,985,000

10002 Battleview PkwyManassas, VA 20109

53,559 SF, 100% Leased, NNN

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 53,559 square foot, fee-simple owned property in Manassas, Virginia, fully occupied by McLean Bible Church under a triple-net (NNN) lease. The church, a well-established and financially stable organization, has demonstrated strong commitment with a recent seven-year lease extension through December 31, 2031. The lease features attractive 3% annual rental increases, providing excellent protection against inflation and consistent income growth. Built in 1988, this two-story building sits on a 4.58-acre lot and includes a recently installed new roof with a 15-year warranty, minimizing future capital expenditures. The property's prime location within the Washington, D.C. metropolitan statistical area (MSA) benefits from strong demographics, including a high average household income of $192,636 within a 10-mile radius, and significant consumer traffic due to its proximity to major retail centers like Parkridge Center, Bull Run Plaza, and Sudley Towne Plaza. The property serves as a full-service facility for the church, encompassing a worship sanctuary and numerous classrooms for various church activities. This is an ideal, low-management investment opportunity for a passive investor seeking stable, long-term income with built-in growth. The lease commenced June 20, 2009. The tenant is responsible for all taxes, insurance, and common area maintenance (CAM) expenses.

Highlights

  • 53,559 SF fee-simple property in Manassas, VA, fully occupied by McLean Bible Church under a triple-net (NNN) lease.
  • Recent 7-year lease extension through December 31, 2031, demonstrating strong tenant commitment.
  • Triple-net lease with 3% annual rent increases.
  • New roof installed August 2024 with a 15-year warranty.
  • Prime location in the Washington, D.C. MSA, near major retail centers, with high average household income ($192,636 within 10-mile radius).

Property Details for 10002 Battleview Pkwy

Property type
Specialty properties, Churches & religious facilities
Square Feet
53,559 SF
Year Built
1988
Buildings
1
Stories
2
Lot Size (sq. ft)
199,505 SF

Location Insight

City
Manassas
County
Prince William
State
Virginia
Latitude
38.806036224487
Longitude
-77.511169741198
10002 Battleview Pkwy, Manassas, Virginia

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10002 Battleview Pkwy
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