Absolute NNN Ground Lease
For Sale
$5,250,000
6249 College Dr, Suffolk, VA 23435
15-year absolute NNN groundlease starting August 2025 with tenant paying 100% of taxes, insurance, and operating expenses.
Property Size5,662 SF
Days on Market34
Property Features for 6249 College Dr
General Information
Standard status
Active
Size
5,662 SF
Property subtype
Retail
Lease Type
NNN
Additional Details
Lease Term
180 months
Building Details
Building Size
5,662 SF
Year Built
2003
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CalDRE #01826517
(760) 519-0240
Source:
Lee-associates
Added: Jul 27
Changed: Aug 26
Last Checked: Aug 29 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
This offering is structured as a 15-year absolute NNN groundlease commencing August 2025. Under the terms provided, the tenant is responsible for 100% of property taxes, insurance, and all operating expenses. The landlord has zero maintenance, repair, or capital obligations of any kind, with no stated responsibilities beyond the groundlease structure.
The property is identified as 6249 College Dr, Suffolk, VA 23435. The total property size is 5,662 square feet, and the transaction is presented as available for sale.
As described, the lease structure provides a fully tenant-expensed expense model with a long initial term.
The property is identified as 6249 College Dr, Suffolk, VA 23435. The total property size is 5,662 square feet, and the transaction is presented as available for sale.
As described, the lease structure provides a fully tenant-expensed expense model with a long initial term.
Key Highlights
- 15‑year absolute NNN ground lease commencing August 2025
- Tenant responsible for 100% of property taxes
- Tenant responsible for 100% of insurance
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 23435, VA
32,597
Population
13,386
Households
2.4
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
35.7 sq mi
ZIP Area
913
Density / Sq Mi
$107,833
Median Household Income
$52,814
Median Earnings
$1,838
Median Rent
$374,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 15-year absolute NNN groundlease starting August 2025 with tenant paying 100% of taxes, insurance, and operating expenses.
Where is this nnn property located?
The property is located at 6249 College Dr Suffolk, VA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 15‑year absolute NNN ground lease commencing August 2025; Tenant responsible for 100% of property taxes; Tenant responsible for 100% of insurance
