9 Dorothy Lane

About this listing

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