9715 Liberia Ave Manassas, VA 20110

The property is occupied by Patient First, a regional urgent care center, operating within a 6,552-square-foot building on 0.72 acres. The tenant is subject to a NNN corporate ground lease that commenced in June 2010 and has 4.5 years remaining. The location is cross-parked with the neighboring Evergreen Terrace Shopping Center in Manassas, Virginia, part of the Washington, D.C. metropolitan area. The buildout features a design enabling the tenant to provide a large range of medical services including urgent care, immunizations, lab testing, x-rays, and occupational health practices. The Patient First lease features a unique option renewal structure. Patient First has three, 10-year options available. In the first option, the rent resets to Fair Market Value, protected by a floor of the current rent. Additionally, over the next 15-years, rent escalates by 14% every 5 years, before resetting to Fair Market value in Option 3. Situated on Liberia Avenue, Patient First sits at the center of a dense, retail corridor featuring a high volume of national tenants. The retail corridor is supported by a population of 88,230 with an average household income of $152,001. Patient First offers Primary Care, Urgent Care and Occupational Health Services with on-site Lab tests, prescription drugs and X-Rays. The company opened its first medical center in 1981 and now has 79 locations, which makes it the second largest brand in the Mid-Atlantic. In the Washington D.C. region, the company has 35 locations.