Sprouts Grocery
New
For Sale
$12,538,000
14951 Heathcote Blvd, Haymarket, VA 20169
A corporate lease with Sprouts includes scheduled rent increases over the lease term.
Property Size23,256 SF
Days on Market3
Property Features for 14951 Heathcote Blvd
General Information
Standard status
Active
Size
23,256 SF
Property subtype
Retail
Zoning
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Building Size
23,256 SF
Year Built
2026
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Andrew Fallon · License #RSR006585
(202) 286-1542
Source:
Srsre
Added: Oct 28
Last Checked: Oct 28 at 3:48PM
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 SRS Real Estate Partners - Global Company
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Investment Insights
Based on property information with market context.
Built in 2026, the property is occupied by Sprouts under a corporately signed lease. The agreement runs for 15 years and includes three five-year extension options.
Rent increases by 10% every five years, with additional increases at the start of each option period.
Rent increases by 10% every five years, with additional increases at the start of each option period.
Key Highlights
- Sprouts is the corporate lease signatory
- 15‑year lease with 3 (5‑year) options to extend
- 10% rental increases every 5 years and at the beginning of each option period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$478,092
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,561,840
$9.6M
Cap Rate 7%
$6,829,886
$6.8M
Cap Rate 9%
$5,312,133
$5.3M
Market Conditions
NOI Build-Up for 23,256 SF
Gross rent
$655.8K $28.20/SF
− Vacancy
−$18.4K −$0.79/SF
EGI
$637.5K $27.41/SF
− OpEx
−$159.4K −$6.85/SF
NOI
$478.1K $20.56/SF
Area
Prince William County, VA
Vacancy
2.80%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,561,840
Cap Rate 7%
$6,829,886
Cap Rate 9%
$5,312,133
Alternative Uses
Best Use
Specialty Retail
$6.83M
$5.98M – $7.97M
NOI $478,092 @ 7.0% cap · market cap 3.81%
Second Best
Retail
$6.37M
$5.58M – $7.44M
NOI $446,219 @ 7.0% cap · market cap 3.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Chick-fil-A
Dining
46,503 visits/mo
0.5 miles
Taco Bell
Dining
10,514 visits/mo
0.5 miles
Duck Donuts
Dining
10,164 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
10,110 visits/mo
0.4 miles
Truist
Shops & Services
5,230 visits/mo
0.1 miles
Demographics for 20169, VA
28,182
Population
9,511
Households
3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
37.4 sq mi
ZIP Area
754
Density / Sq Mi
$198,317
Median Household Income
$87,869
Median Earnings
$2,809
Median Rent
$676,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A corporate lease with Sprouts includes scheduled rent increases over the lease term.
Where is this grocery and convenience store located?
The property is located at 14951 Heathcote Blvd Haymarket, VA.
What is the asking price?
The asking price for this property is $12,538,000.
What are key features of this property?
This property features: Sprouts is the corporate lease signatory; 15‑year lease with 3 (5‑year) options to extend; 10% rental increases every 5 years and at the beginning of each option period
