11085 Lee Hwy

$6,750,000, 5,250 Sqft 1.46 Acres

About This Property

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

Essential Information

MLS® #VAFC119070
Price$6,750,000
Bathrooms0.00
Square Footage5,250
Acres1.46
Year Built1964
TypeCommercial Sale
Sub-TypeRetail
StatusActive

Community Information

Address11085 Lee Hwy
CityFAIRFAX
CountyFAIRFAX CITY-VA
StateVA
Zip Code22030

Amenities

ParkingSurface
ViewCity, Street

Interior

HeatingCentral
CoolingNone

Exterior

ExteriorBrick and Siding

School Information

DistrictFAIRFAX COUNTY PUBLIC SCHOOLS

Additional Information

Date ListedNovember 5th, 2019
Days on Market148
ZoningCR

Listing Details

OfficeAlpha Royale Commercial Group

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2020.

Listing information last updated on March 31st, 2020 at 11:05am CDT.

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