**SRS Real Estate Completes $6.75 Million Sale-Leaseback in Manassas, Virginia**
SRS Real Estate Partners has finalized the $6.75 million sale-leaseback of a single-tenant property occupied by The Learning Experience in Manassas, Virginia. The property is located at 10219 Dumfries Road.
The Washington, D.C. Capital Markets team at SRS Real Estate Partners, led by Andrew Fallon and Philip Wellde Jr., represented the seller, Ganges Manassas LLC. The buyer is a private investor based in Northern Virginia, who acquired the asset as part of a 1031 exchange.
Constructed in 2023, the two-story building spans 11,150 square feet and sits on approximately one acre of land. The facility is under a newly executed triple net lease and is operated by one of The Learning Experience’s largest franchisees.
“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 Philip Wellde Jr.
The asset is strategically located in a prime retail corridor near high-traffic tenants including Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s, and Wawa.
