For Sale
$13,800,000

5003 Westone Plz Chantilly, VA 20151

High-return restaurant, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 21,222-square-foot Class A restaurant building in Chantilly, Virginia. Located at 5003 Westone Plaza, this property boasts a 100% occupancy rate with a 15-year Absolute NNN lease commencing August 31, 2023. The lease includes a 6.02% cap rate and a substantial Net Operating Income (NOI) of $830,629. Built in 2007, the building sits on a 2.99-acre lot and is zoned I-3 (Industrial Light Intensity), offering flexibility for various uses. The tenant, Kindercare Learning Academies (operating as Creme De La Creme), has a licensed capacity of 225 and is backed by a corporate guaranty. The lease features annual rent escalations of 3%, ensuring consistent income growth. This prime location in Fairfax County, within the Washington, D.C. Metro area, provides access to a highly affluent and stable market. The asking price is $13,800,000. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term potential.

Highlights

  • 21,222 SF building, constructed in 2007, ideal for special purpose or school use.
  • I-3 (Industrial Light Intensity) zoning allows for diverse uses, including educational institutions.
  • 15-year Absolute NNN lease commencing 9/1/2023, offering zero landlord responsibilities.
  • Licensed for up to 225 occupants.
  • Backed by a corporate guaranty from a major national early education provider; lease includes 3% annual rent escalations.
  • Prime Fairfax County, Washington, D.C. Metro area location.

Property Details for 5003 Westone Plz

Property type
Retail properties, Restaurants
Square Feet
21,222 SF
Class
A
Year Built
2007
Lot Size (sq. ft)
130,244 SF
Units
1

Location Insight

City
Chantilly
County
Fairfax
State
Virginia
Latitude
38.9016401
Longitude
-77.4587239

FAQs

What type of property is this?
Retail property - High-return restaurant, NNN lease.
Where is the retail property located?
The property is located at 5003 Westone Plz Chantilly, VA.
What is the asking price?
The asking price for this property is $13,800,000.
What are key features of this property?
This property features: 21,222 SF building, constructed in 2007, ideal for special purpose or school use.; I-3 (Industrial Light Intensity) zoning allows for diverse uses, including educational institutions.; 15-year Absolute NNN lease commencing 9/1/2023, offering zero landlord responsibilities.
How can I contact the broker?
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5003 Westone Plz
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