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Listed by Louis Bonfiglio • KW United
$ 3,500,000
New
4405 DUKE ST Alexandria, VA 22304
2,877 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
Square Footage 2,877 sqft
MLS Listing ID VAAX2044718
Originating Board BRIGHT
Year Built 1957
Lot Size 0.349 Acres
Acres 0.35
Property Sub-Type Retail
Property Description
This is a rare opportunity to own an automotive facility in the City of Alexandria with NO MONEY DOWN
The current Sale Price has been set at $3,950,000 in year 2035. Don't let the premium price for this prime location deter you from the best automotive location in the City of Alexandria, Virginia because that is not what you will pay at the end of your lease term. This is a rare opportunity for this location in the City of Alexandria Virginia and the potential income to be made with projected gross sales of $2M to 2,5M per year in auto repair at this location.
Highlights:
Approved expansion bays by Special Permit
State Inspections and Emissions
Turnkey automotive repair facility with all equipment and operations to run your facility from day one.
The building can be expanded to accommodate two additional bays.
Currently the shop has five lifts and can be expanded to six lifts.
The zoning allows for a second floor with a maximum building height of 60 feet and an additional two bays.
The current rent is $12,500
Lease Term 10 years
Triple Net Lease NNN
Rent Increase cap on year six, rent will not increase
40% of all rent will be applied to the purchase price
Owner financing is available with purchase at the end of the ten-year term at a fixed price of $3,258,031.33 with NO DOWN PAYMENT at the current SBA interest rate. The owner will finance for a period desirable to both the tenant and owner for a period of 5 years or 10 years.
The facility is fully operational and all the equipment to operate comes with the lease option to purchase.
The current Sale Price has been set at $3,950,000 in year 2035. Don't let the premium price for this prime location deter you from the best automotive location in the City of Alexandria, Virginia because that is not what you will pay at the end of your lease term. This is a rare opportunity for this location in the City of Alexandria Virginia and the potential income to be made with projected gross sales of $2M to 2,5M per year in auto repair at this location.
Highlights:
Approved expansion bays by Special Permit
State Inspections and Emissions
Turnkey automotive repair facility with all equipment and operations to run your facility from day one.
The building can be expanded to accommodate two additional bays.
Currently the shop has five lifts and can be expanded to six lifts.
The zoning allows for a second floor with a maximum building height of 60 feet and an additional two bays.
The current rent is $12,500
Lease Term 10 years
Triple Net Lease NNN
Rent Increase cap on year six, rent will not increase
40% of all rent will be applied to the purchase price
Owner financing is available with purchase at the end of the ten-year term at a fixed price of $3,258,031.33 with NO DOWN PAYMENT at the current SBA interest rate. The owner will finance for a period desirable to both the tenant and owner for a period of 5 years or 10 years.
The facility is fully operational and all the equipment to operate comes with the lease option to purchase.
Location
State VA
County Alexandria City
Zoning CG
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Inclusions All fixtures, signage and equipment convey
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Alexandria City Public Schools
Others
Tax ID 29160000
Ownership Other
SqFt Source Assessor
