For Sale
$13,800,000

5003 Westone PlzChantilly, VA 20151

High-return restaurant, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
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
5003 Westone Plz, Chantilly, Virginia

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5003 Westone Plz
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