Jaguar Land Rover Dealership

Retail / Posted 2 months ago by Deborah Vannelli, Upland Real Estate Group, Inc. / 50 views

  • Price : $15,555,000
  • Cap Rate : 4.5%
  • Net Operating Income : $700,000
  • Tenant : Beyer Automotive Group
  • Lease Type : Ground Lease
  • Building Size (SF) : 47,460
  • Land Area (Acres) : 5.558
  • Year Built : 2021

 20 year Ground Lease with 5% increases every 5 years and four 5-year renewal options.
 Due to the great success Don Beyer Land Rover Alexandria has had over the last 22 years, the Jaguar franchise has been awarded to the Beyer Automotive Group. And while the current location is excellent, it is far too small for the business they currently operate. Don Beyer will relocate the Land Rover dealership with the new Jaguar franchise to the Van Dorn location. This is also driven by the ever-increasing demand for these products in the Alexandria area. The current Land Rover store sells 100+ vehicles per month and services 500 vehicles each month. With the expanded facility on Van Dorn Street, and the addition of Jaguar, this store anticipates selling 250 vehicles per month and estimated service over 1,000 vehicles based on the current demand in the market.
 Over the last 46 years, Beyer Automotive Group has gone from one small Volvo store to eight dealerships in Northern Virginia. The Beyer Automotive Group currently operates three Volvo dealerships, Land Rover Alexandria, Beyer Subaru, Beyer Volkswagen, Beyer Kia and Beyer Mazda. In addition to franchise car dealerships, it operates an independent repair facility in Falls Church, VA called Smokey’s Garage and an autobody shop in Alexandria, VA.
 Ideal location with visibility from Interstate-95/495 where traffic counts average over 199,000 vehicles per day; relocating from existing location.
 Strong demographics with a 5-mile population of 487,255 and average household income of $133,109.

5644 South Van Dorn StreetAlexandria,Virginia,22310

Deborah Vannelli
Upland Real Estate Group, Inc.

612-332-6600

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