5000 Wellington Rd Gainesville, VA

Listing Agency Secure Net Lease - Dallas Show Phone

Listed by Matthew Scow

Source Moodyscre

Added: Dec 11, 2024 Checked: Jul 19 at 5:35 am

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Investment Insights

Based on property information with market context.

This property features a 3,086 square foot building on a 0.11 acre site, scheduled for construction in 2025. It comes with a brand new 15-year corporate ground lease that includes 10% rental increases every 5 years. The location is on Gateway Promenade Place, near Linton Hall Road, which sees over 38,800 vehicles per day, and Wellington Road, with over 18,200 vehicles per day. It is also close to Highway 29, which has a traffic count of over 52,100 vehicles per day. The surrounding area has strong demographics, with over 112,520 residents within a 5-mile radius and an average household income of $177,262. The property is situated in a dense retail corridor near Target, Walgreens, Chick-fil-A, Panera Bread, and CAVA. The tenant, Shake Shack, is one of the fastest-growing food chains in the US, with over 552 locations globally. Gainesville is located 30 miles from Washington, D.C., offering a small-town vibe near major metro areas, with a population of over 16,754.

Key Highlights

• Brand new 15‑year corporate ground lease with 10% rental increases every 5 years
• Strong demographics: over 112,520 residents within 5 miles, with an average household income of $177,262
• Located on Gateway Promenade Pl, near Linton Hall Rd (38,800+ VPD) and Wellington Rd (18,200+ VPD), close to Highway 29 (52,100+ VPD)

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

Drive through restaurant - New construction retail building with corporate ground lease in Gainesville.

Where is this drive through restaurant located?

The property is located at 5000 Wellington Rd Gainesville, VA.

What is the asking price?

The asking price for this property is $5,457,000.

What are key features of this property?

This property features: Brand new 15‑year corporate ground lease with 10% rental increases every 5 years; Strong demographics: over 112,520 residents within 5 miles, with an average household income of $177,262; Located on Gateway Promenade Pl, near Linton Hall Rd (38,800+ VPD) and Wellington Rd (18,200+ VPD), close to Highway 29 (52,100+ VPD)