Chase Bank - Manassas, VA | 9560 Liberia Ave
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Chase Bank - Manassas, VA 9560 Liberia Ave
3,400 SF Retail Building Manassas, VA 20110 $4,150,000 ($1,221/SF) 4.76% Cap Rate
Investment Highlights
- Brand new 15-year ground lease with 3 (5-year) options to extend.
Executive Summary
• Brand new 15-year ground lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by Chase Bank, National Association, an established bank and an investment grade tenant (S&P: A+)
• The ground lease features 10% rental increases every 5 years and at the beginning of each option period
• Chase Bank is positioned as an outparcel to 100,000+ SF Signal Hill Shopping Center, anchored by Fresh World Grocery and home to Chick-fil-A, Panera Bread, Glory Days Grill, Checkers, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for this site
• Liberia Avenue has become a dense convenience retail destination corridor with best in class users including Wawa, Chipotle, and a brand new Raising Canes
• Chase Bank is strategically located at the signalized, hard corner intersection of Liberia Avenue and Spring Hill Road, averaging nearly 50,000 combined vehicles passing by daily
• The asset is equipped with a two-lane drive-thru, providing ease and convenience for customers
• Subject property benefits from significant street frontage along Liberia Avenue and Signal Hill Road
• Manassas is a growing Northern VA community and the County Seat of Prince William County. It’s located 20 miles from the Dulles International Airport and is part of the Washington D.C. MSA
• More than 157,000 residents and 58,500 employees support the trade area
• Features an average household income of $146,206
• The lease is signed by Chase Bank, National Association, an established bank and an investment grade tenant (S&P: A+)
• The ground lease features 10% rental increases every 5 years and at the beginning of each option period
• Chase Bank is positioned as an outparcel to 100,000+ SF Signal Hill Shopping Center, anchored by Fresh World Grocery and home to Chick-fil-A, Panera Bread, Glory Days Grill, Checkers, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for this site
• Liberia Avenue has become a dense convenience retail destination corridor with best in class users including Wawa, Chipotle, and a brand new Raising Canes
• Chase Bank is strategically located at the signalized, hard corner intersection of Liberia Avenue and Spring Hill Road, averaging nearly 50,000 combined vehicles passing by daily
• The asset is equipped with a two-lane drive-thru, providing ease and convenience for customers
• Subject property benefits from significant street frontage along Liberia Avenue and Signal Hill Road
• Manassas is a growing Northern VA community and the County Seat of Prince William County. It’s located 20 miles from the Dulles International Airport and is part of the Washington D.C. MSA
• More than 157,000 residents and 58,500 employees support the trade area
• Features an average household income of $146,206
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,400 SF
Building Class
B
Year Built
2004
Price
$4,150,000
Price Per SF
$1,221
Cap Rate
4.76%
NOI
$197,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.61 AC
Zoning
B4 - Business
Parking
40 Spaces (11.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 100-01-00-169Q2 | Improvements Assessment | $2,613,000 |
| Land Assessment | $923,000 | Total Assessment | $3,536,000 |
PROPERTY TAXES
Parcel Number
100-01-00-169Q2
Land Assessment
$923,000
Improvements Assessment
$2,613,000
Total Assessment
$3,536,000
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Andrew Fallon -
Power Broker Patrick Nutt -
William Wamble -
SRS Real Estate Partners
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Chase Bank - Manassas, VA | 9560 Liberia Ave
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