11085 Lee Highway

    FAIRFAX, VA 22030
    • $6,750,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: VAFC119070
    UPDATED: 40 min ago
    $6,750,000
    • 0
      BEDS
    • 1.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1964
    County:

    School Ratings & Info

    Description

    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

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-14T11:54:40.053.
    www.gregsellsloudoun.com/homes/100560947

    11085 Lee Highway FAIRFAX, VA 22030

    • Price: $6,750,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: VAFC119070
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.46
    Acres
    1964
    Built
    County:
    Fairfax City
    School District:
    Fairfax County Public Schools
    Property Description
    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
    Exterior Features

    Construction Materials Brick Garage YN No Location Type Highway Parking Features Surface Parking Types Other Property Condition Shows Well Riparian Rights YN No Road Surface Type Access - Above Grade View CityStreet Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 5250.00 Cooling None Heating Central Heating YN Yes Net Square Feet 5250.00

    Property Features

    Accessibility Features >84" Garage Door Assessment Year 2019 Association YN No Business Type Other/General Retail Central Air YN No Cooling Fuel Electric Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 302146162510 Ownership Interest Fee Simple Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Septic Tax Annual Amount 29949.0 Tax Assessment Amount 2495800.0 Vacation Rental YN No Water Source Public Zoning Cr

    Listing courtesy of Alpha Royale Commercial Group.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-14T11:54:40.053.
     
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