5216 Wilson Blvd N, ARLINGTON

$2,150,000

0 Bed
0 Bath
1,840 Sqft
.09 Acre
5 Parking

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!

Essential Information
MLS® #VAAR2032592
Price$2,150,000
Bathrooms0.00
Square Footage1,840
Acres0.09
Year Built1952
TypeCommercial Sale
Sub-TypeRetail
StatusActive Under Contract
Community Information
Address5216 Wilson Blvd N
SubdivisionBRANDON VILLAGE
CityARLINGTON
CountyARLINGTON-VA
StateVA
Zip Code22205
Amenities
ParkingSurface
Parking Spaces5
Interior
HeatingHeat Pump(s)
CoolingCentral A/C
# of Stories2
Exterior
RoofFlat
Lot Description

Front Yard, Rear Yard, Road Frontage

District

ARLINGTON COUNTY PUBLIC SCHOOLS

Additional Information
ZoningC-1
Condo Fees$0
HOA Fees$0
Listing Details
OfficeSamson Properties
Office Contact(703) 378-8810
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $2,400,000 to $2,150,000
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Listing information last updated on April 24th, 2024 at 6:15pm EDT.