308 Worth Ave Stafford, VA 22556-1502

Property Details for 308 Worth Ave

Year built

2004

Construction

TYPE NOT SPECIFIED

Lot size

3.25 lot acres

Property size

27,073 SF

Zone code

B2- URBAN COMM

Property type

Retail space

APN

20MM-10C

APU

20MM10C

Description

This exceptional 26,993 square foot shopping center in Stafford, Virginia, presents a compelling investment opportunity. Located at 308 Worth Ave, 22556, this single-story, 1-building property boasts a prime location in a high-traffic retail corridor, less than one mile from I-95. The property sits on 3.25 acres and is zoned B2 Urban Commercial. Built in 2004, DocStone Commons is currently 100% occupied by five diverse tenants: Outback Steakhouse, Navy Federal Credit Union, Orange Theory Fitness, Monster Golf, and Fatty's Winghouse. Outback Steakhouse and Navy Federal Credit Union, both long-term tenants since 2004, occupy significant space and contribute substantially to the property's strong net operating income (NOI) of $627,534. The tenant mix provides a stable and reliable income stream, further enhanced by contractual rent bumps, with some tenants having annual increases of 3% or more, and others tied to CPI. Additional income is generated by a Verizon antenna on the roof. The center benefits from its proximity to Marine Corps Base Quantico, contributing to a robust local economy. The property is an outparcel of a larger shopping center, further enhancing visibility and traffic. Detailed lease terms and rent roll information are available upon request. This investment offers a compelling combination of strong current performance and significant long-term growth potential.

Location Insight

City

Stafford

County

Stafford

State

Virginia

Longitude

-77.4186

Latitude

38.4757

CBSA code

47900

CBSA name

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

Property Tax & Assessments