4461 Cheshire Station PlzDale City, VA 22193

Property Details for 4461 Cheshire Station Plz

Year built

2002

Lot size

1.10 AC

Property size (Sq ft)

2,743 SF

Zone code

GENERAL BUSINESS

Property type

Retail properties

Property subtype

Other commercial kitchens

APN

8192-50-5850

APU

8192505850

Description

This exceptional investment opportunity presents a fee-simple, 2,743 square foot Wendy's restaurant located at 4461 Cheshire Station Plaza, Woodbridge, VA 22193. Boasting a strong corporate guarantee from Wendy's and a highly successful operating partner, Flynn Group, this property offers a compelling net lease investment with a remaining lease term of approximately 20.2 years (expiring January 31, 2045). The lease commenced August 13, 2015, and includes four, five-year renewal options. Rent increases of 10% every five years are built into the lease, ensuring consistent growth in NOI. The property, built in 2002 and renovated in 2018, sits on a 1.1-acre lot and is situated in a prime location within the Washington, D.C. MSA, benefiting from high traffic volume (over 45,000 vehicles per day) and proximity to major roadways (I-95) and shopping destinations (Potomac Mills). The property's strong performance is evidenced by its consistent high sales, exceeding Wendy's national average and ranking in the top 20% of Virginia locations for visits. The current NOI is $235,940, resulting in a 4.50% cap rate, projected to increase to a blended 4.75% over the first five years due to upcoming rent increases. The affluent surrounding area boasts a population exceeding 118,000 and an average household income over $140,000 within a three-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease asset with significant upside potential. The asking price is $5,243,107.

• CAP approach

  CAP return

  Valuation

  6%

  $850,623

  6.5%

  $785,190

  7%

  $729,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,154,433

  Geo Method

  $1,154,433

• Alternative Use

  Use

  Valuation

  Residential

  $662,337

  Hospitality

  $606,697

  Educational

  $504,765

  Medical

  $522,125

  Retail

  $785,190

Location Insight

City

Woodbridge

County

Prince William

State

Virginia

Latitude

38.6462

Longitude

-77.3353

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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