5643-5649 Lee Hwy
Arlington, VA 22207
Four Tenant Lee Highway Strip Center · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer for sale The Shops of Lee Highway located at 5645 Lee Highway, Arlington, VA. The property, constructed in 1954 was renovated over the last few years, and consists of a one-story retail building along with an outdoor seating area and 9 off-street parking spaces (the “Offering”). This Offering presents investors with a rare opportunity to acquire a retail strip center in a highly sought-after zip code that is fully occupied. This zip code- 22207- is the wealthiest zip code in Arlington with a median home value of $781,463. The extremely high land costs in the market coupled with vertical developments occurring in the area make conventional store front retail a rarity in the sub-market. Additionally, much of Lee Highway is slated for improvements over the coming years which will further beautify the corridor. The Offering features new long-term 10-year triple net leases from four internet-resistant tenants, including two restaurants, Maya Grill and Chicago Pizza, and two service users, Tiffany’s Nail Salon and Bye-Bye Stress Massage. All of the tenants have annual rental increases which substantially enhances an investor’s return over their holding period. Additionally, the leases all are triple net and include management fee reimbursement.