7441 Hillwood Dr Gainesville, VA 20155

This exceptional investment opportunity presents a fee-simple, single-tenant Jiffy Lube located at 7441 Hillwood Dr, Gainesville, VA 20155. The 2,079 square foot auto shop sits on a 0.63-acre lot (APN 7397-43-6896) and boasts a strong 5.22% cap rate with a net operating income (NOI) of $180,000. The property benefits from a recently renewed 20-year absolute NNN lease (May 2022), featuring 5% rent increases every five years and two five-year option periods. This ensures long-term, stable income for the investor. The tenant, operating since 2006, achieved over $2.5 million in gross sales and serviced over 20,750 cars in 2021, with a projected $3 million in gross sales for 2022, representing a 16% year-over-year increase. The strategic location within Gainesville's main retail corridor, diagonally across from the Virginia Gateway Shopping Center (home to over 120 retailers including Super Target, Best Buy, and Hobby Lobby), and its proximity to Jiffy Lube Live (a major concert venue), ensures high visibility and strong customer traffic. Route 29, with over 68,000 vehicles per day, further enhances accessibility. The property is situated in a high-demand area with a 5-mile population of 101,710 and an average household income exceeding $163,716. This presents a rare opportunity to acquire a well-performing, low-management asset in a prime location within the Washington, DC MSA. The asking price is $3,450,000, translating to $1,659.45 per square foot. The property is currently 100% occupied.