11085 Lee Highway

11004 & 11006 Park Road

Fairfax, VA 22030

LEE HIGHWAY DEVELOPMENT

• For Sale: $6.75 Million

• NNN Retail & Potential Future Residential

• Combined Total of 1.46 Acres

Great Value-add opportunity! This sale constituents two parts: a stable income generating retail property and a future residential development land.  The retail component contains a stand along 5,250 square feet building, fully leased to BBB rating tenant, NextDay Blinds, who has been in this location for 20 years. The tenant signed a new 5-year extend lease term starting on February 1, 2020. In addition, there is a 1.12 acre vacant land adjacent to the retail property. The vacant land currently zoned commercial zone, however, it offers a potential 13-large luxury townhouse development with conceptual plan approved.

Furthermore, the location is nestled in the center of Fairfax, a suburban expanse of Washington DC metro region. The location is a truly oasis, unique and brimming with vitality that recently has been recognized by Forbes as one of the top places to live in the nation.

DEVELOPMENT OVERVIEW

PART 1

Potential Future Residential

     • 11004 & 11006 Park Road

     • Parcel 1 Lot Size: 1.12 Acres

     • Potential of 13 Town Homes

        to be built.

     • Avg Size: Up to 2,100 Sq Ft (varies)

     • Conceptual Plan Approved

PART 2

NNN Retail

     • 11085 Lee Highway

     • Lot Size: 0.34 Ares (14,810 Sq Ft)

     • Building Size: 5,250 Sq Ft

     • Single Free-Standing

     • Long-term Tenant (Stable Income)

TENANT OVERVIEW: NextDay Blinds

ABOUT TENANT

Founded in 1993, NextDay Blinds is a local business devoted to providing premium-quality, fully custom window coverings in a matter of days, rather than weeks. Their headquarters and state-of-the-art manufacturing facility are located in Jessup, MD, just 25 miles from Washington, DC, and 15 miles from Baltimore, MD. They are a family of more than 400 regional employees, and  take great pride in supporting the local economy and giving back to the community. With a fully integrated, end-to-end business model, they are able to provide a more customer-focused experience. This level of integration is designed to ensure the customers’ ongoing happiness, and it helps match their passion for high-quality products with an uncompromised dedication to customer service.

TERM INFORMATION    

    • Monthly Income:                $17,071.03
    • Annual Income:                  $204,852.35
    • Annual Escalation:              3%
    • Renew Option:                    2 Term of Five Years
    • Years in Location:                20 Years
    • Possibility of Renew:           High
    • Landlord’s Responsibily:     None

LOCATION

HIGHLIGHTS

• Conveniently located in the intersection of Route 50, Route 29 & Route 66
• Rt. 29 & Rt. 50 alone, records an average of more than 30,000 VPD (Vehicles Per Day)
• Walking distance to ample restaurants, shopping centers, and retails.
• Approximate to Fair Oaks Mall, Fairfax Government Center, Wegmans, Walmart, Costco & Lowe's
• Excellent commute!
• Exceptional opportunity w/appreciable return!

DEMOGRAPHICS

• Population:                               56,961

• People Per Household:           2.6

• Median Household Income:   $119,635

8221 Old Courthouse Road Suite 101 • Vienna, VA 22182

703.821.2300   |   info@arcginc.com   |   arcginc.com

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