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    5000 Wellington Rd, Gainesville, VA

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    New construction retail building with corporate ground lease in Gainesville.

    Type:RETAIL
    Property size:
    3,086 SF
    Lot size:
    10.63 Acres
    Price / SF:
    $1,768/SF
    Added:
    Dec 11, 2024
    Days on Market:
    540
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 5000 Wellington Rd

    General Information

    Standard status
    Active
    Size
    3,086 SF
    Lot size
    10.63 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Scow

    Listing agent Matthew Scow

    Listing office Secure Net Lease - Dallas

    Listing date Dec 11, 2024

    Source Moodyscre

    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 Secure Net Lease - Dallas

    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)
    • Shake Shack has been one of the fastest‑growing food chains in the US with over 552 locations globally
    • Dense retail corridor near Target, Walgreens, Chick‑fil‑A, Panera Bread, CAVA, & more
    • 2025 construction, featuring a 3,086+/- SF building on a 0.11+/- acre site

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6055
    Latitude
    38.7891

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      Warehouse and Flex Office Suites

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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)
    (214) 522-7200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Scow
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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