NNN Retail - Multi Tenant Building | 10426 Main St
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NNN Retail - Multi Tenant Building 10426 Main St
22,396 SF 100% Leased Retail Building Fairfax, VA 22030 $7,550,000 ($337/SF) 6.25% Cap Rate
Investment Highlights
- 22,000 SF free-standing building: Spacious and versatile commercial space.
- Fully Renovated in 2021: Including New Roof and HVAC systems
- 100% occupancy: Fully utilized and generating consistent revenue.
- 3 units with NNN leases: Stable and predictable income streams.
- Commercial Retail zoning: Ideal for retail and free-standing building investors.
- $471,618 NOI: Demonstrates strong financial performance and potential for ROI.
Executive Summary
An exceptional investment opportunity awaits at 10426 Main Street, Fairfax, VA, in the heart of the Downtown Fairfax City business district. This 22,000 SF free-standing building, fully renovated in 2021 including a new roof and HVAC units, showcases three units, each occupied under NNN leases, culminating in a remarkable 100% occupancy rate. With a NOI of $471,618, this property presents a lucrative return on investment. Strategically located in the Washington DC Metro area and zoned for commercial retail, it offers an ideal environment for retail and free-standing building investors seeking a stable and high-performing asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
22,396 SF
Building Class
B
Year Built/Renovated
1955/2021
Price
$7,550,000
Price Per SF
$337
Cap Rate
6.25%
NOI
$471,618
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.32 AC
Zoning
C-2 - Designation allows for a wide range of commercial activities, including retail stores, restaurants, offices,.
Parking
25 Spaces (1.12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 57-4-02-101 | Improvements Assessment | $1,547,600 |
| Land Assessment | $780,100 | Total Assessment | $2,327,700 |
PROPERTY TAXES
Parcel Number
57-4-02-101
Land Assessment
$780,100
Improvements Assessment
$1,547,600
Total Assessment
$2,327,700
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NNN Retail - Multi Tenant Building | 10426 Main St
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