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9271 Sudley Rd Manassas, VA 20110

Walgreens-anchored, 100% occupied, high-income area.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 26,646-square-foot retail center in Manassas, Virginia, boasting a diverse tenant mix. The property, situated at 9271 Sudley Rd, is 100% occupied, anchored by a Walgreens pharmacy, which occupies 54% of the gross leasable area (GLA) and contributes 69% of the base rent under a long-term lease extending through 2030. Other tenants include a mix of restaurants, fitness, and telecommunications businesses, creating a destination retail center. Built in 1965 with renovations in 1997 and 2010, the property sits on a 2.46-acre lot and is zoned for general commercial use. The six units are spread across a strategically located site with three access points along highly trafficked roads, offering excellent visibility and accessibility. The property benefits from its proximity to major employers, including UVA Health Prince William Medical Center, and a dense, affluent population with an average household income exceeding $133,772 within a three-mile radius. The location is also less than a mile from the Manassas VRE station. This Core+ investment offers a strong, stable income stream with a near-term potential for NOI increase due to lease terms. The property's diverse tenant mix and prime location make it an attractive investment opportunity with significant long-term growth potential.

Highlights

  • 26,646 SF Walgreens-anchored retail center in Manassas, VA.
  • Walgreens occupies 54% of GLA and contributes 69% of base rent under a long-term lease.
  • 100% occupied with a weighted average lease term exceeding 7 years.
  • Recent tenant openings include Bob & Edith's Diner and Burn Boot Camp.
  • Diverse tenant mix including pharmacy, restaurant, and fitness creates a destination retail center.
  • Five-minute proximity to UVA Health Prince William Medical Center.

Property Details for 9271 Sudley Rd

Property type
Lifestyle centers, Power centers
Square Feet
26,646 SF
Year Built/Renovated
1965/1997
Lot Size (sq. ft)
107,158 SF
Units
6

Location Insight

City
Manassas
County
Prince William
State
Virginia
Latitude
38.75605342
Longitude
-77.46622768

FAQs

What type of property is this?
Lifestyle center - Walgreens-anchored, 100% occupied, high-income area.
Where is the lifestyle center located?
The property is located at 9271 Sudley Rd Manassas, VA.
What are key features of this property?
This property features: 26,646 SF Walgreens-anchored retail center in Manassas, VA.; Walgreens occupies 54% of GLA and contributes 69% of base rent under a long-term lease.; 100% occupied with a weighted average lease term exceeding 7 years.
How can I contact the broker?
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9271 Sudley Rd
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