Listing photo for 11085 Lee Hwy, FAIRFAX, VA
Listing photo for 11085 Lee Hwy, FAIRFAX, VA
Listing photo for 11085 Lee Hwy, FAIRFAX, VA
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11085 Lee Hwy,

FAIRFAX, VA $6,750,000

$6,750,000

5,250 Sqft
1.46 Acres

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

Facts & Features
MLS® # VAFC119070
Price $6,750,000
Bathrooms 0.00
Square Footage 5,250
Acres 1.46
Year Built 1964
Type Commercial Sale
Sub-Type Retail
Status Active
Community Information
Address 11085 Lee Hwy
City FAIRFAX
County FAIRFAX CITY-VA
State VA
Zip Code 22030
Amenities
Parking Surface
View City, Street
Is Waterfront No
Interior
Heating Central
Cooling None
Fireplace No
Has Basement No
Exterior
Exterior Brick and Siding
School Information
District FAIRFAX COUNTY PUBLIC SCHOOLS
Additional Information
Zoning CR
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Alpha Royale Commercial Group
Photo of Andre Perez

Andre Perez

Office: (703) 671-1000
Cell: (703) 926-7603

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Listing information last updated on July 9th, 2020 at 6:06am EDT.

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