Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1976
Sq.Footage
2,950
Corporately Guaranteed for the last 50 years, 7-Eleven NNN Lease Opportunity 2950 SF, 100% Leased, Retail Building With 12 Parking Spaces, Lot Size 9,639, $3,750,000, 4.89 % Cap Rate This is a rare opportunity to acquire a 7-Eleven property in Arlington, Virginia, backed by a newly extended NNN lease. The property has a current net operating income of $183,625.20 and includes rent increases every 5 years. The lease also calls for two, 5 year options to renew; increasing the Cap Rate to 5.38% and 5.92% respectively. The property is located on Columbia Pike in one of Arlington’s most active corridors, with strong visibility and easy access. Traffic counts exceed 20,000 vehicles per day, and the site benefits from both neighborhood customers and a large daily commuter base. Located in the dense Douglas Park neighborhood just across the Potomac River from Washington, D.C., the property sees consistent foot traffic and strong demand. The surrounding area includes a concentration of major employers and amenities, such as headquarters for the Pentagon, Regan Airport, Crystal City which support a busy commercial environment. The Pentagon Metro Station is also nearby—about 0.3 miles away—adding significant transit-driven traffic. The area is supported by roughly 50,000 employees and an affluent residential base with average household income around $160,379, providing a solid and stable customer base for the tenant.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Brick
-
Parking
Lighted, Paved, Parking Lot
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.22
-
Lot Size(square feet)
9,639
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$3,750,000
-
Tax Amount
$29,253
-
Zoning
C-2
-
Sq. Footage
2,950
-
Price/SqFt
$1,271
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
New Construction
NO
-
Accessibility Features
Accessible Doors
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
ARLINGTON
Elementary School
Middle School
High School
Listing Courtesy of George E. Cranwell Jr., G.E. Cranwell & Assoc., Ltd.
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Salesperson, Realtor
Tracy Markham
Call Tracy today to schedule a private showing.
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