For Sale
$12,294,117

6701 Lea Berry WayHaymarket, VA 20169

High-yield ALDI storefront, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 38,000-square-foot ALDI storefront located at 6701 Leaberry Wy, Haymarket, VA 20169. The property sits on a 5.95-acre lot and boasts a 100% occupancy rate with a corporate guarantee from ALDI Inc., ensuring consistent cash flow. The current lease, initiated on October 15, 2020, has a remaining term of 10.9 years, extending to October 15, 2035, with four 5-year lease options, each including a 10% rent increase. The Net Operating Income (NOI) is $627,000, resulting in a 5.10% cap rate. The asking price is $12,294,117. This investment is further enhanced by the potential for significant bonus depreciation. The property benefits from its location in a thriving retail corridor with expanding residential development and a strong demographic profile, featuring a population exceeding 72,625 within a 5-mile radius and an average household income over $166,888. A portion of the property is subleased to Planet Fitness. The seller will provide a rent credit to the buyer, equal to the difference between the current rent and the rent after the first option period (Year 6). This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.

Highlights

  • Fee simple ownership of a 38,000-square-foot ALDI storefront on a 5.95-acre lot.
  • Corporate guarantee from ALDI, Inc.; a portion subleased to Planet Fitness.
  • Strong demographics: 72,625+ population within 5 miles, average household income over $166,888.
  • Four, five-year lease options with 10% rent increases.
  • Located in a thriving retail corridor with expanding residential development.
  • Seller provides rent credit to buyer, offsetting rent increase at the first option period (Year 6).

Property Details for 6701 Lea Berry Way

Property type
Retail properties, Retail space
Lot Size (sq. ft)
259,182 SF

Location Insight

City
Haymarket
County
Prince William
State
Virginia
Latitude
38.8134462
Longitude
-77.6416762
6701 Lea Berry Way, Haymarket, 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].
6701 Lea Berry Way
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