NNN investment opportunity with brand-new 10 year lease and 3% annual rent escalations. The lease includes the tenant's personal and corporate guaranty and 1 x 5 year renewal options. The projected revenue for the business is expected to exceed $900K in a 12-month period and the surrounding demographics provide a strong opportunity for growth. TENANT: Caritas Academy LLC LEASE COMMENCEMENT: July 1, 2022 RENT COMMENCEMENT: October 1, 2022 LEASE EXPIRATION: June 30, 2032 LEASE TERM: 10 Years RENEWAL OPTIONS: 1 x 5 Years RENT INCREASES: 3% Annually PROPERTY TAXES: Tenant Responsibility PROPERTY INSURANCE: Tenant Responsibility COMMON AREA: Tenant Responsibility ROOF: Landlord Responsibility STRUCTURE: Landlord Responsibility HVAC: Tenant Responsibility UTILITIES: Tenant Responsibility

More Info

Location Information

UsmAreaSterling

Parking

Assigned Parking Spaces
Parking TypesParking Lot

Basic Information

Date Listed07/11/2022

Location

Address46386 Logan Way
Building Number46386
CountyLoudoun
DirectionsLocated next to the NOVA Loudoun Campus just off Route 7 between Cascades Pkwy and Potomac View Rd
StateVA
TownSterling
Zip20165

Exterior

RoofAsphalt, Shingle

Utilities

Central Air YNYes
CoolingCentral A/C
Cooling FuelElectric
Heat SystemHeat Pump(s)
Heating FuelNatural Gas
Heating YNYes
SewerPrivate Sewer
Water HeaterNatural Gas
Water SourcePublic

Basic Information

Broker NameSerafin Real Estate
List Price$3,360,000
MLS NumberVALO2032284
MLS Property TypeCommercial Sale
Price Per Square Foot512
Security FeaturesMain Entrance Lock, Sprinkler System - Indoor
StatusACT
Units1

Building

Building Area SourceEstimated
Building Area Total6568
Construction MaterialsHardiPlank Type, Concrete
Garage Spaces
Num Attached Garage Spaces
Num Detached Garage Spaces
Stories1
Total Garage And Parking Spaces23
Year Built1995
Year Built Effective2019

Other

Cap Rate6
View Count2

Tax Information

Assessment Year2022
City Town Tax Payment FrequencyAnnually
County Tax17937
County Tax Payment FrequencyAnnually
Tax Assessment Amount2015470
Tax LotLOTS
Tax Year2022
Taxes$17,937
Total Taxes Payment FrequencyAnnually

Property

Acreage1.14
Business TypeDay Care Facility, School
Lot Size SourceAssessor
Lot Size Square Feet49,658
Property SubTypeSpecial Purpose
ZoningPDH4

Amenities

Accessibility AmenitiesLevel Entry - Main

Legal

PossessionNegotiable
Sale TypeStandard

Copyright 2023 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated March 30, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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46386 Logan WaySterling, VA 20165MLS Number VALO2032284

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