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14786-14812 Build America Dr
Woodbridge, VA 22191
Build America 2 · Flex Property For Sale
EXECUTIVE SUMMARY
This property is offered as an investment and the current Tenant has a 10 year lease expiring on October 31, 2029. There is also a 5 year Option. The Landlord is responsible for the condo fee that is currently $339.67 / month and the RE taxes that for 2021 were $316.16 / month. The Tenant is responsible for all utilities and all maintenance. The current CAP rate is approximately 7%. The lease contains annual increases of 4% during the initial lease term and 6% during the option term, if elected. Reportedly about $200,000.00 was spent between 2015 and 2019 for improvements to this attractive restaurant by the Tenant and the Landlord. The unit faces US Route #1 which has an average annual traffic count of 31,000 vehicles per VDOT in their 2020 publication
PROPERTY FACTS
UTILITIES
- Gas
- Heating
