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8217 Lee Hwy 3,835 SF Retail Building Falls Church, VA 22042 $4,500,000 ($1,173.40/SF) 4.44% Cap Rate
INVESTMENT HIGHLIGHTS
- 100' of frontage on Lee Highway at the intersection of Gallows Road next to the Mosaic District
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$200,000
|
$52.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,000
|
$52.15
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $52.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $52.15 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 3,835 SF
- -
- Triple Net
- Apr 2030
In 1976, Tom Gegax and Donald Gullet, two Shell Oil colleagues, launched Tires Plus with three former Shell service stations in the Burnsville, Minnesota area. In 2001, Tires Plus was acquired by BSRO; today, Tires Plus has more than 5,000 teammates working in 400+ stores in a number of states. They carry thousands of tires for all vehicle types, including a complete line from the industry-leading Bridgestone and Firestone brands, and they’ll give a quick, free quote. And with their Best Tire Prices Guarantee*, they’ll match any locally advertised price. Find a better price within 30 days of purchase, and they’ll give twice the amount of the difference.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 3,835 SF | - | Triple Net | Apr 2030 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Also available for sale
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,835 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 3,835 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 3,835 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Also available for sale
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 0494-01-0005 | Improvements Assessment | $462,850 (2025) |
| Land Assessment | $534,580 (2025) | Total Assessment | $997,430 (2025) |
PROPERTY TAXES
Presented by
8217 Lee Hwy
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