7911 Centreville Rd
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7911 Centreville Rd
7,300 SF 100% Leased Retail Building Manassas, VA 20111 $2,100,000 ($288/SF) 6.86% Cap Rate
Investment Highlights
- Opportunity Zoned building located in the rapidly growing area of Prince William County. The building has been beautifully maintained and is 6300sqft.
Executive Summary
In 2020, the tenant invested $300,000 in capital improvements to the building.
The population within a five-mile radius is 205,296. Prince William County's population grew by 43% from 2000 to 2010.
Prince William County boasts the second-highest population in Virginia.
Net Leased Restaurant:
Lease Commencement: 07/20/2023
Lease Expiration: 08/31/2028
Lease Term: 5 years
Renewal Option: One 5-year option
Landlord Responsibility: Roof and structure
Property can be delivered with or without a tenant.
The population within a five-mile radius is 205,296. Prince William County's population grew by 43% from 2000 to 2010.
Prince William County boasts the second-highest population in Virginia.
Net Leased Restaurant:
Lease Commencement: 07/20/2023
Lease Expiration: 08/31/2028
Lease Term: 5 years
Renewal Option: One 5-year option
Landlord Responsibility: Roof and structure
Property can be delivered with or without a tenant.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$144,000
|
$19.73
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $19.73 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,300 SF
Building Class
B
Year Built
1999
Price
$2,100,000
Price Per SF
$288
Cap Rate
6.86%
NOI
$144,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
B1 - B-1, General Business: This zoning district allows retail stores, shopping centers, office, and institutional uses.
Parking
60 Spaces (8.22 Spaces per 1,000 SF Leased)
Frontage
73 FT on Centreville Rd
Amenities
- Restaurant
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7897-20-4208 | Improvements Assessment | $1,009,700 (2024) |
| Land Assessment | $486,000 (2024) | Total Assessment | $1,495,700 (2024) |
PROPERTY TAXES
Parcel Number
7897-20-4208
Land Assessment
$486,000 (2024)
Improvements Assessment
$1,009,700 (2024)
Total Assessment
$1,495,700 (2024)
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7911 Centreville Rd
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