9540 Liberia Avenue Manassas, VA 20110

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Listing Office k***@thekasegroup.com Show Phone

Listed by Kase Show Phone

Added: Jan 27, 2025 Checked: Mar 16 at 9:06 am

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Investment Insights

Based on property information with market context.

This investment opportunity features a Checkers restaurant located in Manassas, Virginia. The property has a new 20-year absolute NNN fee simple ground lease with zero landlord obligations. The lease incorporates scheduled 10% rent increases every five years and four 5-year renewal options. The tenant, a franchisee operating multiple Checkers and Popeyes locations, is responsible for all construction, improvements, and infrastructure. The 1,500 square foot building is situated on a 0.49-acre lot in a high-traffic area with approximately 41,000 vehicles per day. The location is adjacent to Chick-fil-A and across from Glory Days and Panera Bread, surrounded by national retailers such as Wawa, ALDI, and a Walmart Supercenter. The property benefits from strong demographics within a rapidly growing suburb of Northern Virginia, part of the Washington-Arlington-Alexandria Metropolitan Statistical Area. The current net operating income is $120,000.

Key Highlights

• NEW 20 YEAR ABSOLUTE NNN FEE SIMPLE GROUND LEASE
• ZERO LANDLORD OBLIGATIONS
• SCHEDULED 10% INCREASES IN RENT

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FAQs

What type of property is this?

Restaurant - Checkers located in Manassas, VA

Where is this restaurant located?

The property is located at 9540 Liberia Avenue Manassas, VA.

What is the asking price?

The asking price for this property is $2,181,818.

What are key features of this property?

This property features: NEW 20 YEAR ABSOLUTE NNN FEE SIMPLE GROUND LEASE; ZERO LANDLORD OBLIGATIONS; SCHEDULED 10% INCREASES IN RENT