5216 Wilson Blvd N, Arlington, VA 22205

$2,150,000
List Price
$2,150,000
Price Change
▼ $250,000 1693260744
Days on Market
257
Status
ACTIVE UNDER CONTRACT
MLS#
VAAR2032592
Lot Size (Acres)
0.09
Year Built
1952
County
Arlington
School District
Arlington County Public Schools

Property Description

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!

Additional Information

Subdivision
Brandon Village
Taxes
$11344
Stories
2
School District
Arlington County Public Schools
Heating
Heat Pump(s)
Heating Fuel
Natural Gas
Cooling
Central A/C
Roof
Flat
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Samson Properties. Contact: (703) 378-8810