Manassas Medical Retail
9715 Liberia Ave, Manassas, VA 20110
Tenant Patient First with 4.5 years remaining on NNN lease.
Type:Retail
Property size:
6,552 SFLot size:
0.72 AcresPrice / SF:
$589/SF- Added:
- Feb 26, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 9715 Liberia Ave
General Information
- Standard status
- Active
- Size
- 6,552 SF
- Lot size
- 0.72 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing office Marcus & Millichap - Washington, D.C.
Listing date Feb 26, 2026
Source Crexi
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 Marcus & Millichap - Washington, D.C.
HighLights
- Strong Tenant: Leased to Patient First, a leading urgent care brand.
- High‑Traffic Location: Benefits from a dense retail corridor with major national tenants.
- Favorable Option Structure: Lease includes three 10‑year renewal options.
- Proven Performance: Placer.ai data ranks this location highly with 104.6K visits in the past year.
- Valuable Buildout: Features a costly medical buildout, increasing renewal likelihood.
- Growing Area: Located in a growing Northern Virginia retail corridor.
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.9k | $50.04 |
| − Vacancy | −$14.8k | −$2.25 |
| EGI | $313.1k | $47.79 |
| − OpEx | −$93.9k | −$14.34 |
| NOI | $219.2k | $33.45 |
6,552 SF · lease $50.04/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.13M
$2.74M – $3.65M
NOI $219,176 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$1.47M
$1.28M – $1.71M
NOI $102,772 @ 7.0% cap · market cap 2.66%
Theoretical Best
Specialty Retail
$3.64M
$3.18M – $4.25M
NOI $254,742 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Starina Jose, M.D.
Pediatrician
Alexander Charles Lee
Physician
Rajah Suganthi V ...
Pediatrician
Dr. Umakant Kori, ...
Physician
Alexander Lee
Physician
Location Insight
- Map
- Local Demand
- City
- Manassas
- County
- Manassas Park
- State
- Virginia
- Longitude
- -77.4496885
- Latitude
- 38.745629
Nearby Similar for Sale
FAQs
What type of property is this?
Medical center - Tenant Patient First with 4.5 years remaining on NNN lease.
Where is this medical center located?
The property is located at 9715 Liberia Ave Manassas, VA.
What is the asking price?
The asking price for this property is $3,864,904.
What are key features of this property?
This property features: Strong Tenant: Leased to Patient First, a leading urgent care brand.; High‑Traffic Location: Benefits from a dense retail corridor with major national tenants.; Favorable Option Structure: Lease includes three 10‑year renewal options.
