Current Use by Public Records
- McLean Bible Church / Church
- Iglesia La Red / Church
- Lawrence Reid Law Office / Law Firm
Property Details for 10002 Battleview Pkwy
- Year built
- 1988
- Lot size
- 4.58 lot acres
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
This exceptional investment opportunity presents a 53,559 square foot, fee-simple owned property in Manassas, Virginia, fully occupied by McLean Bible Church under a triple-net (NNN) lease. The church, a well-established and financially stable organization, has demonstrated strong commitment with a recent seven-year lease extension through December 31, 2031. The lease features attractive 3% annual rental increases, providing excellent protection against inflation and consistent income growth. Built in 1988, this two-story building sits on a 4.58-acre lot and includes a recently installed new roof with a 15-year warranty, minimizing future capital expenditures. The property's prime location within the Washington, D.C. metropolitan statistical area (MSA) benefits from strong demographics, including a high average household income of $192,636 within a 10-mile radius, and significant consumer traffic due to its proximity to major retail centers like Parkridge Center, Bull Run Plaza, and Sudley Towne Plaza. The property serves as a full-service facility for the church, encompassing a worship sanctuary and numerous classrooms for various church activities. This is an ideal, low-management investment opportunity for a passive investor seeking stable, long-term income with built-in growth. The lease commenced June 20, 2009. The tenant is responsible for all taxes, insurance, and common area maintenance (CAM) expenses.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manassas
- County
- Prince William
- State
- Virginia
- Longitude
- -77.5112
- Latitude
- 38.806
