308 Worth AveStafford, VA 22556

Property Details for 308 Worth Ave

Year built

2004

Construction

TYPE NOT SPECIFIED

Lot size

3.25 AC

Property size (Sq ft)

27,073 SF

Zone code

B2- URBAN COMM

Property type

Retail space

APN

20MM-10C

APU

20MM10C

Description

This exceptional 26,993 square foot shopping center in Stafford, Virginia, presents a compelling investment opportunity. Located at 308 Worth Ave, 22556, this single-story, 1-building property boasts a prime location in a high-traffic retail corridor, less than one mile from I-95. The property sits on 3.25 acres and is zoned B2 Urban Commercial. Built in 2004, DocStone Commons is currently 100% occupied by five diverse tenants: Outback Steakhouse, Navy Federal Credit Union, Orange Theory Fitness, Monster Golf, and Fatty's Winghouse. Outback Steakhouse and Navy Federal Credit Union, both long-term tenants since 2004, occupy significant space and contribute substantially to the property's strong net operating income (NOI) of $627,534. The tenant mix provides a stable and reliable income stream, further enhanced by contractual rent bumps, with some tenants having annual increases of 3% or more, and others tied to CPI. Additional income is generated by a Verizon antenna on the roof. The center benefits from its proximity to Marine Corps Base Quantico, contributing to a robust local economy. The property is an outparcel of a larger shopping center, further enhancing visibility and traffic. Detailed lease terms and rent roll information are available upon request. This investment offers a compelling combination of strong current performance and significant long-term growth potential.

Location Insight

City

Stafford

County

Stafford

State

Virginia

Latitude

38.4757

Longitude

-77.4186

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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