9 Dorothy Ln - Auto Repair FOR SALE


Stafford, VA 22554
$1,895,000 USD
443-340-5966
9 Dorothy Ln, Stafford, VA for Sale
$1,895,000 USD
Auto Repair - FOR SALE
1/11
null | 4.97% Cap Rate

9 Dorothy Ln
Stafford, VA 22554


HIGHLIGHTS

  • Tenant: Meineke Car Care Center, a reputable national brand in the automotive repair industry
  • 200 FT Route 610 Frontage
  • 70,000 ADT
  • Land Cover Play
  • Corner Parcel

OVERVIEW

Coldwell Banker Commercial Elite is pleased to present an exceptional income-producing commercial real estate investment opportunity at 9 Dorothy Lane, Stafford, Virginia. This property is fully leased to Meineke Car Care Center, a nationally recognized and established tenant, offering a stable and reliable income stream. The property is an ideal addition to any investor’s portfolio, featuring a Triple Net (NNN) lease, resulting in little Landlord responsibility. Additionally, the property includes valuable land cover play at 11 Dorothy Lane, a parcel consisting of 0.32 acres that is currently in the process of being subdivided. This land presents an opportunity for further development, with a 1,950 SF, 3-bay warehouse and 23’ building height, which can generate additional income and significantly increase the investor's return. This is a prime opportunity for investors seeking a stable, long-term, income-generating asset with growth potential through development. The combination of an established tenant, strong lease structure, and additional land for future expansion makes this property an attractive option for a variety of investment strategies. •Tenant: Meineke Car Care Center, a reputable national brand in the automotive repair industry •Purchase Price:$1,895,000 •Cap Rate:4.97% •Lease Term:7 years remaining on the current lease agreement •Extension Options: One (1) five-year option to extend, providing potential for long-term stability •Zoning:B-2, Urban Commercial, offering flexibility for various commercial uses

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

4.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B2

APN/PARCEL ID

20-107

ASK ABOUT THIS PROPERTY

Cameron ColemanColdwell Banker Commercial EliteMore Info
443-340-5966

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Cameron ColemanColdwell Banker Commercial EliteMore Info
443-340-5966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.