$2,150,000
5216 Wilson Blvd N, Arlington, VA, 22205
1,840
Square feet
0.09
Acres
NNN INVESTMENT OPPORTUNITY, SALE LEASE-BACK. Minutes from Ballston! Restaurant and Hookah Lounge with late night hours. Owner spent over $120k to renovate the property, including a brand new 15-year warranty roof. Lebanese concept and hookah lounge on "Restaurant" Blvd. Basement lounge featuring a second kitchenette and 18-20 tables, as well as 50-60 seats outdoor on a two tiered 1100 sq ft patio and deck. Sale Lease-back terms offered at 10 years base rent with 2 (5) year options. Absolute NNN 7.53% cap rate; 162k NOI. Great 1031 option!
Facts & Features
| MLS® # | VAAR2032592 |
|---|---|
| Price | $2,150,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,840 |
| Acres | 0.09 |
| Year Built | 1952 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active Under Contract |
Community Information
| Address | 5216 Wilson Blvd N |
|---|---|
| Subdivision | BRANDON VILLAGE |
| City | Arlington |
| County | ARLINGTON-VA |
| State | VA |
| Zip Code | 22205 |
| Senior Community | No |
Amenities
| Parking | Surface |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Front Yard, Rear Yard, Road Frontage |
|---|---|
| Roof | Flat |
School Information
| District | ARLINGTON COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | June 21st, 2023 |
|---|---|
| Days on Market | 254 |
| Zoning | C-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Samson Properties |
|---|---|
| Contact Info | (703) 378-8810 |