ACTIVE UNDER CONTRACT
5216 Wilson Blvd N
Arlington VA, 22205
$2,150,000
$1,162.16 per sqft
ACTIVE UNDER CONTRACT
1,850 sqft
Commercial
Built in 1952
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!
VAAR2032592
MLSⓇ ID
May 9, 2024
Updated
Map
5216 Wilson Blvd N
Arlington VA, 22205
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.09 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$11,344
Tax Frequency
Annually
Days on Market
254
Garage
No
Parking Total
5
View
No
County
ARLINGTON
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
|---|---|---|
2/29/2024 | Under Contract | — |
Listed by Ahmad Omar Azzarkani, Khaled Al hajbeh with Samson Properties
Listing Contact: 5713599047
The IDX display contains information sourced from the Bright MLS, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 5:53 AM UTC
