Property Details for 6701 Lea Berry Way

Lot size

5.95 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a 38,000-square-foot ALDI storefront located at 6701 Leaberry Wy, Haymarket, VA 20169. The property sits on a 5.95-acre lot and boasts a 100% occupancy rate with a corporate guarantee from ALDI Inc., ensuring consistent cash flow. The current lease, initiated on October 15, 2020, has a remaining term of 10.9 years, extending to October 15, 2035, with four 5-year lease options, each including a 10% rent increase. The Net Operating Income (NOI) is $627,000, resulting in a 5.10% cap rate. The asking price is $12,294,117. This investment is further enhanced by the potential for significant bonus depreciation. The property benefits from its location in a thriving retail corridor with expanding residential development and a strong demographic profile, featuring a population exceeding 72,625 within a 5-mile radius and an average household income over $166,888. A portion of the property is subleased to Planet Fitness. The seller will provide a rent credit to the buyer, equal to the difference between the current rent and the rent after the first option period (Year 6). This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.

Location Insight

City

Haymarket

County

Prince William

State

Virginia

Longitude

-77.6417

Latitude

38.8134