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Sweetwater Center 200 Davis Dr

19,485 SF 100% Leased Retail Building Sterling, VA 20164 £9,468,000 (£486/SF) 6.92% Net Initial Yield

Investment Highlights

  • A sale would include the service station/food mart and self-service carwash business which contributes to net leasing at the project.

Executive Summary

NOI is derived from net lease income and net operating income from the Sweetwater Sunoco and Bubble n Shine self-serve carwash. Sweetwater Center is a fully leased and operational auto service retail center with credit tenants including Mr. Tire (a Monro Brake & Muffler company), Autobell Car Wash, HT Auto Care, Sunoco Service Station and minimart, and Bubble & Shine Self-Serve Carwash. A sale would include the service station/food mart and self-service carwash business which contributes to net leasing at the project.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Auto Repair
Building Size
19,485 SF
Building Class
C
Year Built/Renovated
1979/2019
Price
£9,468,000
Price Per SF
£486
Net Initial Yield
6.92%
NOI
£654,870
Business Value
£946,800
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
3.14 AC
Zoning
PD-IP - Special use permit in place for operation as an auto-service retail center.
Parking
60 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
200 ft on Sterling Boulevard

About 200 Davis Dr , Sterling, VA 20164

Multi-building/multi-tenant automotive-service center on a rectangular, 3.14 acres (136,914 SF) of land northeast of Dulles International Airport in Loudoun County VA, the data center capital of the world. Situated at the signalized intersection of Sterling Boulevard and Davis Dr, the Center boasts approximately 200' of frontage on Sterling and over 400' along north/south Davis with direct access from Davis Dr. and Shepard Dr. to the north with excellent visibility from all points.

Nearby Major Retailers

Blimpie America's Sub Shop
Truist
Planet Fitness
Cracker Barrel Old Country Store
CrossFit
Sunbelt Rentals
Food Lion
Starbucks
Safeway
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033-37-6374
Land Assessment
£985,616
Improvements Assessment
£598,267
Total Assessment
£1,583,883
  • Listing ID: 26202998

  • Date on Market: 19/07/2022

  • Last Updated:

  • Address: 200 Davis Dr, Sterling, VA 20164

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