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Chick-fil-A & Flagship Carwash 540 Maple Ave W 9,674 SF Retail Building Vienna, VA 22180 $16,650,000 ($1,721.11/SF) 5% Cap Rate



Investment Highlights
- 2019 Construction | Best-in-Class Tenant Lineup | 100% Occupied | Unique 2-Story Configuration | Drive-Thru Equipped
- Strong Demographics in 5-Mile Trade Area | Affluent Incomes | 15 Minutes from Washington DC | Highly Educated Consumer Base
- Signalized, Hard Corner Intersection | I-495 (223,000 VPD) | Centralized Location | Fairfax Medical Campus (928 beds)
- Strong National/Credit Tenants | Dense Retail Corridor | 1-Block Away from 444 Maple Development (144 Units)
Executive Summary
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-story Chick-fil-A and Flagship Carwash investment property located in Vienna, Virgina (Washington D.C. MSA). Constructed in 2019, the property features top-of-the-line construction and a rare two-story configuration, with Chick-fil-A occupying the ground floor (including its drive-thru component) and Flagship Carwash operating from the second story. The property features a best-in-class tenant lineup led by Chick-fil-A, a nationally dominant QSR brand with more than $22 billion in annual system wide sales, and Flagship Carwash, a rapidly expanding regional platform operating 40+ locations throughout Virginia, Maryland, and the D.C. metro area. The site is 100% occupied with a 8.2 year weighted average lease term (WALT), reducing the risk of near-term rollover. Both tenant leases include multiple five-year renewal options with 10% rental increases at the beginning of each option period, providing long-term income stability and embedded growth. The site may qualify for bonus depreciation, see page 17 for details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,674 SF
Building Class
B
Year Built
2019
Price
$16,650,000
Price Per SF
$1,721.11
Cap Rate
5%
NOI
$832,590
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.49 AC
Zoning
954 - Shopping Center
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0383-02-0152A | Improvements Assessment | $11,706,770 |
| Land Assessment | $1,898,190 | Total Assessment | $13,604,960 |
Property Taxes
Parcel Number
0383-02-0152A
Land Assessment
$1,898,190
Improvements Assessment
$11,706,770
Total Assessment
$13,604,960
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Chick-fil-A & Flagship Carwash | 540 Maple Ave W
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