Invest in

Promenade at Manassas

7486 Stream Walk Lane, Manassas, VA 20109

Promenade at Manassas is an institutional quality, 287,560 square foot grocery-anchored shopping center that is anchored by a 107,400 SF Home Depot that has been a tenant since the center was constructed in 1995 and co-anchored by a 43,244 SF brand new local international grocer, Oh! Market, with term through 2035.

Play Video
1653055200dd

Viewed by 3093 Investors

INVEST

min $50,000

Questions?

Promenade at Manassas

7486 Stream Walk Lane
Manassas, VA 20109

11-12%

Targeted
Annual
Return

6-6.5%

Targeted
Annual Cash
Distribution

1.4-1.5x

Targeted
Equity
Multiple

All figures are projected annual returns

Highlights

Promenade at Manassas is anchored by a 107,400 square-foot Home Depot that has been a tenant since the center was constructed in 1995. Home Depot has lease term through January 2031 with eight renewal options that will allow them to remain at the site until 2071. Home Depot is a publicly traded company and the largest home improvement store in the US. They have over 2,300 stores and generated over $151B in revenue during 2021. Promenade at Manassas is also co-anchored by a brand new local international grocer, Oh! Market, with term through 2035.

In addition to Home Depot and Oh! Market, Promenade at Manassas features a high-quality tenant roster including The Tile Shop, Ashley Home Furniture, Planet Fitness, and Sherwin Williams. The remaining vacant space in the center provides FNRP with the opportunity to enhance cash flow and create meaningful upside in the future. Other value-add opportunities that exist at the center include potential outparcel development and outparcel spinoffs.

$46.1M

Purchase Price

3-5 Year

Targeted Hold Period

11-12%

Targeted Annual Return

6-6.5%

Targeted Annual Cash Distribution

1.4-1.5x

Targeted Equity Multiple

Why We Invest

  • Necessity-Based Anchor
    Anchored by a 107,400 SF Home Depot that has been a tenant since the center was constructed in 1995 and co-anchored by 43,244 SF Oh! Market
  • High-Quality National Tenants
    Tenants Include: The Tile Shop, Ashley Home Furniture, Planet Fitness, and Sherwin Williams
  • Strong Market Demographics
    Located 31 Miles West of Washington DC. with Average Household Incomes over $122,000 and 178,892 People in a 5-Mile Radius

Location

Viewed by 3094 Investors

INVEST

min $50,000

Questions?

Promenade at Manassas

7486 Stream Walk Lane
Manassas, VA 20109

11-12%

Targeted
Annual
Return

6-6.5%

Targeted
Annual Cash
Distribution

1.4-1.5x

Targeted
Equity
Multiple

All figures are projected annual returns

Invest in

Promenade at Manassas

7486 Stream Walk Lane
Manassas, VA 20109

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Invest in

Promenade at Manassas

7486 Stream Walk Lane
Manassas, VA 20109

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reinvest into the FNRP Opportunity Fund. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investment Relations Team.
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.
commercial real estate deals
Please enter your email address to access Deal Lobby Content.
[class^="wpforms-"]
[class^="wpforms-"]