3815 A&F S. George Mason Dr 2,400 SF Retail Condo Unit Offered at $2,149,511 CAD in Falls Church, VA 22041

PROPERTY FACTS

Price $2,149,511 CAD
Unit Size 2,400 SF
No. Units 1
Total Building Size 2,400 SF
Property Type Retail (Condo)
Property Subtype Bar
Sale Type Investment NNN
Building Class B
Floors 1
Typical Floor Size 2,400 SF
Year Built 1983
Tenancy Single
Lot Size 0.19 AC
Sale Condition 1031 Exchange

1 UNIT AVAILABLE

Unit A&F

Unit Size 2,400 SF
Price $2,149,511 CAD
Price Per SF $895.63 CAD
Condo Use Retail
Sale Type Investment
Cap Rate 6.24%
NOI $134,027.69 CAD
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 (70)
Bike Score®
Very Bikeable (70)

NEARBY MAJOR RETAILERS

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

ZONING

Zoning Code 460 (commercial/retail building)
  • Listing ID: 30687808

  • Date on Market: 2024-01-18

  • Last Updated:

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