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    7441 Hillwood Dr Gainesville, VA 20155

    Sponsored
    For Sale
    $3,450,000

    High-yield NNN leased auto shop

    Property size:
    2,079 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 7441 Hillwood Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    2,079 SF
    Lot Size
    27,443 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Jiffy Lube Multicare Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6166712
    Latitude
    38.7954146

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    FAQs

    What type of property is this?
    Automotive property - High-yield NNN leased auto shop
    Where is this automotive property located?
    The property is located at 7441 Hillwood Dr Gainesville, VA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    Request Owner's contact information
    7441 Hillwood Dr Gainesville, VA 20155
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    7441 Hillwood Dr Gainesville, VA 20155
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