5216 WILSON BLVD N
ARLINGTON, VA 22205
$2,150,000
bedrooms |
full baths
Year Built: 1952
ACTIVE UNDER CONTRACT
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!
Property Details
MLS #
VAAR2032592
Property Type
Commercial Sale
Listing Status
ACTIVE UNDER CONTRACT
Listing Price
$2,150,000
Year Built
1952
Lot Acreage
NA
Subdivision
BRANDON VILLAGE
City
ARLINGTON
County
ARLINGTON
Water Source
Public
Sewer
Public Sewer
Zoning
C-1
Exterior Details
Home Type
Parking
Other
Driveway
Driveway
Interior Details
Interior Space
sq ft
Heating
Natural Gas - Heat Pump(s)
Cooling
Electric - Central A/C
Hot Water
Natural Gas
Accessibility Features
Other
Financial Details
County Tax
$11,344.00
Special Tax Assessment
$0
Tax Year
2023
Total Assessment
$982,200
Total Taxes
$11,344
Listing Courtesy of
Listing Office
Samson Properties
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