Two-Tenant NNN
For Sale
Contact for pricing
4021 University Drive, Fairfax, VA 22030
Leased to United Bank and Walnut Street Finance with scheduled rent increases during their respective lease terms.
Property SizeContact for details
Days on Market144
Property Features for 4021 University Drive
General Information
Standard status
Active
Property subtype
Retail
Financials
Asking Price
$5,014,300
Cap Rate
7%
Additional Details
Traffic Count
14,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Upland Real Estate Group Inc
(612) 376-4475
Listed By:
Deborah Vannelli · License #MN 20103724
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 3:49PM
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 Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This NNN property at 4021 University Drive comprises leased premises occupied by United Bank and Walnut Street Finance. United Bank has 10 years remaining on its lease, with 2.00% annual increases during years 1–5 and 2.50% increases during years 6–10. Walnut Street Finance has 5 years remaining, with 2.00% annual rent increases.
The property is positioned south of Main Street on University Drive in Fairfax, with 14,000 vehicles passing daily in front of the site and 38,000 vehicles daily on nearby Main Street. It is two blocks east of the Fairfax County Courthouse and Government Offices and one mile north of George Mason University Campus. Surrounding properties include restaurants, retail businesses, multi-tenant office buildings, banks, grocery stores, and other established commercial uses.
The property is positioned south of Main Street on University Drive in Fairfax, with 14,000 vehicles passing daily in front of the site and 38,000 vehicles daily on nearby Main Street. It is two blocks east of the Fairfax County Courthouse and Government Offices and one mile north of George Mason University Campus. Surrounding properties include restaurants, retail businesses, multi-tenant office buildings, banks, grocery stores, and other established commercial uses.
Key Highlights
- 7.00% cap rate
- United Bank lease has 10 years remaining
- Walnut Street Finance lease has 5 years remaining
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased to United Bank and Walnut Street Finance with scheduled rent increases during their respective lease terms.
Where is this nnn property located?
The property is located at 4021 University Drive Fairfax, VA.
What are key features of this property?
This property features: 7.00% cap rate; United Bank lease has 10 years remaining; Walnut Street Finance lease has 5 years remaining
