For Sale
$2,338,311

10998 Clara Barton DrFairfax Station, VA 22039

7,000 SF, 6.75% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 7,000-square-foot medical office building in Fairfax Station, Virginia. Located at 10998 Clara Barton Dr, 22039, this single-tenant property is fully occupied by Veterinary Innovative Partners under a 10-year absolute NNN lease, commencing June 30, 2021, and expiring June 29, 2031. The lease includes a five-year option with 2% annual rent bumps. The property boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $157,836. Built in 2001, this building sits on a 0.76-acre lot within a densely populated, affluent area. The average household income within one mile is $204,231, and the population within five miles exceeds 185,000. The tenant is backed by a corporate guarantee, minimizing landlord responsibilities. This investment benefits from the resilient and growing veterinary services market, projected to experience significant growth in the coming years. The below-market rent provides further upside potential. The property's strong financials, long-term lease, and location in a high-demand area make it an attractive investment opportunity. The property offers a remaining lease term of approximately 6.6 years. The asking price is $2,338,311, translating to a price per square foot of $334.04.

Highlights

  • Located in the Washington, D.C.-Arlington-Alexandria MSA.
  • Dense, affluent demographics: Over 185,000 population within 5 miles, average household income exceeding $204,231 within 1 mile.
  • Strong financial performance.
  • Below-market rent with upside potential.
  • Zero landlord responsibilities; absolute NNN lease.
  • Investment in a recession-resistant veterinary services market projected for significant growth.

Property Details for 10998 Clara Barton Dr

Property type
Office properties, Medical offices
Square Feet
7,000 SF
Year Built
2001
Buildings
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Fairfax Station
County
Fairfax
State
Virginia
Latitude
38.79614451
Longitude
-77.3252711
10998 Clara Barton Dr, Fairfax Station, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10998 Clara Barton Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message