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!
Details
MLS#: VAAR2032592 Price: $2,150,000
Year Built: 1952
County: ARLINGTON Subdivision: Brandon Village Tax Fee: 11344.0
Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Bright MLS
Last updated: 2024-02-29T12:29:10.000-05:00. Privacy Policy