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Chipotle - Leesburg, VA 510 Compass Point Plz SE 2,325 SF 100% Leased Retail Building Leesburg, VA 20175 $3,974,706 CAD ($1,709.55 CAD/SF) 5% Cap Rate
Investment Highlights
- LONG-TERM GROUND LEASE WITH RENT INCREASES
- NNN GROUND LEASE - ZERO LANDLORD RESPONSIBILITIES
- HIGH-VISIBILITY LOCATION WITH STRONG TRAFFIC COUNTS
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- EXCEPTIONAL DEMOGRAPHICS & AFFLUENT TRADE AREA
- STRATEGIC PROXIMITY TO MAJOR METRO MARKETS
Executive Summary
Atlantic Capital Partners is pleased to exclusively present a premier net lease ground lease opportunity, a Chipotle Mexican Grill located at 510 Compass Point Plaza within the Compass Creek mixed-use development in Leesburg, Virginia. This 2,325 square foot building situated on 1.14 acres offers investors the opportunity to acquire a long term, corporately guaranteed ground lease asset in one of the most affluent and fastest-growing submarkets in the Mid-Atlantic. Leesburg serves as the commercial and cultural hub of Loudoun County, Virginia, the wealthiest county in the United States by median household income. The town has experienced extraordinary growth driven by its proximity to Dulles International Airport, the Silver Line Metro extension, and the Dulles Technology Corridor, home to the world’s largest concentration of data centers. The result is a sustained influx of high-income households and a retail trade area with virtually no ceiling on consumer demand. The property sits at the heart of Compass Creek, Leesburg’s premier retail destination, with direct access to over 100,000 combined vehicle trips per day across the Leesburg Bypass (US 15/VA 7), the Dulles Greenway (VA 267), and Compass Creek Parkway. Washington, DC is 38 miles east, providing the scale and density of a major Metro Market while the site benefits from the pricing and
growth trajectory of a high-growth suburban corridor.
growth trajectory of a high-growth suburban corridor.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
2,325 SF
Year Built
2022
Price
$3,974,706 CAD
Price Per SF
$1,709.55 CAD
Cap Rate
5%
NOI
$198,735 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.14 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | - | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Contacts
-
David Hoppe -
Dean Sands -
Chris Peterson -
Eric Suffoletto -
Matt Austin -
Kendra Doherty -
Atlantic Capital Partners
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Chipotle - Leesburg, VA | 510 Compass Point Plz SE
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