About 5216 Wilson Blvd N
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!
Features of 5216 Wilson Blvd N
MLS® # | VAAR2032592 |
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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 |
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Subdivision | BRANDON VILLAGE |
City | ARLINGTON |
County | ARLINGTON-VA |
State | VA |
Zip Code | 22205 |
Amenities
Parking | Surface |
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Is Waterfront | No |
Interior
Heating | Heat Pump(s) |
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Cooling | Central A/C |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Exterior
Lot Description | Front Yard, Rear Yard, Road Frontage |
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Roof | Flat |
School Information
District | ARLINGTON COUNTY PUBLIC SCHOOLS |
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Additional Information
Zoning | C-1 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Samson Properties |
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Contact Info | (703) 378-8810 |