NNN Ground Lease
520 COMPASS PT PLZ SE Leesburg, VA
520 COMPASS PT PLZ SE, Leesburg, VA, 00000
Contact for pricing
For Sale
Contact for pricing
Popeyes Louisiana Kitchen operates under a 20-year absolute NNN ground lease with 16 years remaining.
Property Size2,500 SF
Lot Size0.73 Acres
Price / SF$874
Days on Market101
Property Features for 520 COMPASS PT PLZ SE
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.73 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing agency
Atlantic Capital Partners
(704) 375-7771
Listed by
David Hoppe · License #NC 288268
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 9:11PM Checked: Jul 21 at 9:11PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
Atlantic Capital Partners exclusively presents an absolute NNN ground lease investment opportunity featuring a Popeyes Louisiana Kitchen at Compass Point Plaza within Compass Creek, a mixed-use development in Leesburg, Virginia. The property includes a 2,500-square-foot building on 0.73 acres.
According to the offering materials, the ground lease is corporately guaranteed and carries a 20-year term with 16 years remaining. Rent is structured with fixed 10% increases every five years, with two additional 5-year renewal options extending the potential lease term through 2052.
The site is described as being located within Compass Creek’s retail destination at the intersection of three arterials, generating over 100,000 combined daily vehicle trips, per the provided remarks.
According to the offering materials, the ground lease is corporately guaranteed and carries a 20-year term with 16 years remaining. Rent is structured with fixed 10% increases every five years, with two additional 5-year renewal options extending the potential lease term through 2052.
The site is described as being located within Compass Creek’s retail destination at the intersection of three arterials, generating over 100,000 combined daily vehicle trips, per the provided remarks.
Key Highlights
- 2022‑built 2,500 SF Popeyes Louisiana Kitchen on 0.73 acres at Compass Point Plaza (Compass Creek, Leesburg, VA).
- Absolute NNN ground lease investment with 16 years remaining on a 20‑year lease term.
- Corporately guaranteed income stream with fixed 10% rent bumps every five years, increasing NOI from $130,000 to over $209,000.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Popeyes Louisiana Kitchen operates under a 20-year absolute NNN ground lease with 16 years remaining.
Where is this nnn property located?
The property is located at 520 COMPASS PT PLZ SE Leesburg, VA.
What is the asking price?
The asking price for this property is $2,185,000.
What are key features of this property?
This property features: 2022‑built 2,500 SF Popeyes Louisiana Kitchen on 0.73 acres at Compass Point Plaza (Compass Creek, Leesburg, VA).; Absolute NNN ground lease investment with 16 years remaining on a 20‑year lease term.; Corporately guaranteed income stream with fixed 10% rent bumps every five years, increasing NOI from $130,000 to over $209,000.
