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$6,750,000.00

11085 LEE

FAIRFAX, VA 22030

63597.00 Sq. Ft.

Year Built : 1964

List Date : 2019-11-05

MLS# : B VAFC119070

GREAT VALUE-ADD OPPORTUNITY! This sale constituents two parts: a stable income-generating retail property and future residential development land. The retail component contains a stand along 4,960 Sq Ft building, fully leased to BBB rating tenant, NextDay Blinds, who has been in this location for 20 years. The tenant signed a new 5-year extend lease term starting on February 1, 2020. In addition, there is a 1.13-acre vacant land adjacent to the retail property. The vacant land currently zoned commercial zone, however, it offers a potential of the 13-large luxury townhouse development, a conceptual plan approved. Furthermore, nestled in the center of Fairfax, a suburban expanse of Washington DC metro region, the location is a true oasis, unique and brimming with vitality that recently has been recognized by Forbes as one of the top places to live in the nation.- Great Value-add opportunity- Single-tenant absolute NNN lease investment opportunity - Nextday Blinds- Favorable passive Income - Zero Landlord Responsibilities - New 5-year lease term & 1-5 Yr option- Attractive 3% annual rental increase- Proposed Residential development possibility- Dense infill location - Positioned just off intersection I-66, R50, I-29- Surrounding Traffic Generators - Walmart, Lowes, McDonalds, Wendy's- Densely populated Area



FEATURES

  • Construction: Brick
  • County: FAIRFAX CITY
  • Lot Acres: 1
  • Parking: Surface
  • Tax Amount: $31,257.00
  • Tax Year: 2019
  • Waterfront: N

This listing is courtesy of Alpha Royale Commercial Group