4461 Cheshire Sta Plz Woodbridge, VA 22193-2226

Property Details for 4461 Cheshire Sta Plz

Year built

2002

Lot size

1.10 lot acres

Property size

2,743 SF

Zone code

GENERAL BUSINESS

Property type

Commercial kitchens

APN

8192-50-5850

APU

8192505850

Description

This exceptional investment opportunity presents a fee-simple, 2,743 square foot Wendy's restaurant located at 4461 Cheshire Station Plaza, Woodbridge, VA 22193. Boasting a strong corporate guarantee from Wendy's and a highly successful operating partner, Flynn Group, this property offers a compelling net lease investment with a remaining lease term of approximately 20.2 years (expiring January 31, 2045). The lease commenced August 13, 2015, and includes four, five-year renewal options. Rent increases of 10% every five years are built into the lease, ensuring consistent growth in NOI. The property, built in 2002 and renovated in 2018, sits on a 1.1-acre lot and is situated in a prime location within the Washington, D.C. MSA, benefiting from high traffic volume (over 45,000 vehicles per day) and proximity to major roadways (I-95) and shopping destinations (Potomac Mills). The property's strong performance is evidenced by its consistent high sales, exceeding Wendy's national average and ranking in the top 20% of Virginia locations for visits. The current NOI is $235,940, resulting in a 4.50% cap rate, projected to increase to a blended 4.75% over the first five years due to upcoming rent increases. The affluent surrounding area boasts a population exceeding 118,000 and an average household income over $140,000 within a three-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease asset with significant upside potential. The asking price is $5,243,107.

Location Insight

City

Woodbridge

County

Prince William

State

Virginia

Longitude

-77.3353

Latitude

38.6462

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments