6701 Lea Berry WayHaymarket, VA 20169

Property Details for 6701 Lea Berry Way

Lot size

5.95 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Haymarket

County

Prince William

State

Virginia

Latitude

38.8134

Longitude

-77.6417

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].