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3815 A&F S. George Mason Dr

2,400 SF Retail Unit Offered at £1,172,693 in Falls Church, VA 22041

Property Facts

Price £1,172,693
Unit Size 2,400 SF
No. Units 1
Total Building Size 2,400 SF
Property Type Retail (Unit)
Property Subtype Bar
Sale Type Investment NNN
Building Class B
Number of Floors 1
Typical Floor Size 2,400 SF
Year Built 1983
Tenancy Single
Lot Size 0.19 AC
Sale Conditions 1031 Exchange

1 Unit Available

Unit A&F

Unit Size 2,400 SF
Price £1,172,693
Price Per SF £488.62
Unit Use Retail
Sale Type Investment
Net Initial Yield 6.24%
NOI £73,120.50
No. Parking Spaces 50
Sale Conditions 1031 Exchange
Description

NNN Investment Sale with a historically long-term tenant (since 2010). Highly experienced business operator in the restaurant industry (bar, club, hookah lounge).

Current lease expires in October 31, 2030, with two additional 5-year options through October 31, 2040, showing the tenant’s commitment to its location.

Expected rent increase of 10% on November 1, 2026, bringing the new NOI to $102,538.92.

There are no landlord responsibilities. Tenant pays all operating and pass-through costs.

The sale includes one deed for each condo unit (totaling two deeds, which can be separately sold/leased in the future, if desired).

Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Onelife Fitness
District Taco
Buffalo Wild Wings Grill & Bar
Olive Garden
PNC Bank
Five Guys
Longhorn Steakhouse
Capital One
Gold's Gym

zoning

Zoning Code 460
460
  • Listing ID: 30687808

  • Date on Market: 18/01/2024

  • Last Updated:

  • Address: 3815 A&F S. George Mason Dr, Falls Church, VA 22041

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