Skip To Content

5216 Wilson Boulevard N

ARLINGTON, VA 22205
  • $1,900,000
  • STATUS: Active
  • ON SITE: 340 Days
  • ID#: VAAR2032592
Price Reduced
$1,900,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1952
County:

School Ratings & Info

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!

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
www.arlingtonrealtyinc.com/homes/140782786
Print Image

5216 Wilson Boulevard N ARLINGTON, VA 22205

  • Price: $1,900,000
  • Status: Active
  • On Site: 340 Days
  • ID#: VAAR2032592
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1952
Built
Neighborhood:
Brandon Village
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!
Exterior Features

Construction Materials Masonry Garage YN No Lot Features Front YardRear YardRoad Frontage Parking Features Surface Parking Types OtherDriveway Property Condition Average Road Surface Type PavedAccess - Above Grade Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1850.00 Cooling Central A/C Heating Heat Pump(s) Heating YN Yes Net Square Feet 1840.00

Property Features

Acceptable Financing CashConventional Accessibility Features Other Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Original MLSNumber 802428236538 Ownership Interest Fee Simple Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 11344.00 Tax Lot 109 Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning C-1

Listing courtesy of Samson Properties: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_802428236538-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_802428236538-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_3_802428236538-2.jpg
Logo
Arlington Realty, Inc.
701 23rd Street S
Arlington VA, 22202