SRS Real Estate Partners announced today the $6.75 million sale-leaseback of a single-tenant property occupied by The Learning Experience located at 10219 Dumfries Road in Manassas, Virginia. Built in 2023 and situated on an approximately one-acre parcel, the two-story, 11,150-square-foot property has a new triple net lease in place and the facility is operated by one of The Learning Experience’s largest franchisees.
SRS’ Washington, D.C. Capital Markets team led by Andrew Fallon and Philip Wellde Jr., represented the seller, Ganges Manassas LLC, in the transaction. The buyer was a Northern Virginia-based private investor, who made the acquisition as part of a 1031 exchange.
“This property is in the center of a densely populated, growing Washington D.C. suburb with more than 163,000 residents and 64,000 employees in the trade area, creating a strong customer base for the tenant,” said Wellde. “With a new, long-term lease in place, the buyer will enjoy a passive, management-free investment in a vibrant Northern Virginia community.”
The property is in the center of a primary retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s, and Wawa, among others.
SRS is also listing for sale another site occupied by The Learning Experience in Northern Virginia. The new $7.57 million listing is also a long-term net lease investment property and is located at 10225 Carnoch Way in Bristow, VA.
SRS’ D.C. Capital Markets team has been actively marketing and executing both single- and multi-tenant retail assets throughout the Mid-Atlantic region with more than $35 million in closings over the past 30 days.
“We continue to see strong demand for best-in-class net lease and essential retail investment properties. We are executing transactions with institutions, family offices, and 1031 exchange buyers who are seeking strong credit tenants and premium locations throughout the greater D.C. region,” noted Fallon.
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.