This exceptional investment opportunity presents a fee-simple ownership of a 3,400 square foot Chase Bank branch located at 9560 Liberia Ave, Manassas, VA 20110. The property sits on a 0.61-acre lot and boasts a brand-new 15-year absolute NNN ground lease with Chase Bank, National Association, an investment-grade tenant (S&P: A+), commencing September 27, 2022, and expiring September 26, 2037. The lease includes three 5-year options to extend, ensuring long-term stability. Rent increases of 10% every five years, including option periods, provide significant future income growth. The property features a two-lane drive-thru and enjoys excellent visibility and access at a signalized intersection averaging nearly 50,000 vehicles daily. Built in 2004 and renovated in 2022, this strategically located outparcel benefits from strong tenant synergy within the 100,000+ square foot Signal Hill Shopping Center, anchored by Fresh World Grocery and surrounded by other high-profile retailers like Wawa, Walmart, Chick-fil-A, Raising Cane's, and Chipotle. The property generates a Net Operating Income (NOI) of $197,500, resulting in a 4.76% cap rate and a price per square foot of $1,220.59. The strong demographics of the Manassas area, part of the Washington, D.C. MSA, with an average household income of $146,206, further enhance the investment potential. The tenant is responsible for all property expenses (CAM, taxes, insurance, and maintenance), minimizing landlord responsibilities. This is a truly exceptional opportunity for a passive income investment with significant upside potential.
Highlights
Fee-simple ownership of a 3,400 SF Chase Bank branch on a 0.61-acre lot in Manassas, VA.
Brand-new 15-year absolute NNN ground lease with Chase Bank (S&P: A+), commencing September 27, 2022, with three 5-year renewal options and 10% rent increases every five years.
Excellent visibility and access at a signalized intersection with nearly 50,000 vehicles daily; includes a two-lane drive-thru.
Located in the Signal Hill Shopping Center (100,000+ SF) near Fresh World Grocery, Wawa, Walmart, and other national retailers.
$197,500 NOI, 4.76% cap rate, $1,220.59 price per square foot.
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Contacts
Andrew Fallon
Patrick Nutt
William Wamble
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9560 Liberia Ave, Manassas, Virginia, 20110
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9560 Liberia Ave
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