7874 Delinski Way

Investment Overview

7874 Delinski Way is a 3.11-acre industrial outdoor storage site in Manassas, Prince William County, leased in its entirety to Virginia Electric and Power Company, which operates as Dominion Energy Virginia, a subsidiary of Dominion Energy, Inc. (NYSE: D) and the largest electric utility in the state. Dominion uses the fenced, graveled yard as a construction laydown site for the equipment, vehicles and materials behind its regional grid expansion. Approximately 2.16 acres are usable yard area. The lease runs from July 1, 2026 to June 30, 2031 at $745,000 per year, which is $5.50 per square foot, with 3% annual increases and one two-year renewal option carrying the same 3% step. Rent is paid annually in advance. The lease is gross: Dominion maintains the premises, is responsible for the fencing and is adding outdoor lighting and security at its own cost, while ownership pays real estate taxes and insurance. In-place NOI is $712,910, priced at $10,970,000 for a 6.50% cap rate. The site is zoned M-1 Heavy Industrial in Prince William County under GPIN 7597-12-1035, and delivers a full five-year term from a utility tenant with no landlord maintenance obligation. This property is offered individually and as one of three assets in SRG's Northern Virginia Utility-Leased IOS Portfolio, 10.52 acres across Fauquier, Prince William and Spotsylvania Counties that is 100% leased to Dominion Energy Virginia and Rappahannock Electric Cooperative. Delinski Way is the largest income stream in that portfolio at 52.9% of its rent. The portfolio is priced at $20,800,000 at a 6.50% cap rate, and a buyer may acquire this property on its own or all three together. Lease copies are available to qualified buyers on request.

Investment Highlights

• 100% leased to Dominion Energy Virginia through June 2031
• NOI of $712,910 at a 6.50% cap rate
• Rent paid annually in advance; 3% annual increases
• Tenant maintains the yard, handles the fence and is adding lighting and security
• 3.11 AC zoned M-1 Heavy Industrial; ±2.16 AC usable
• Also offered as part of a three-property utility-leased portfolio