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Listed by George Cranwell • G.E. Cranwell & Assoc., Ltd.
$3,750,000
Est. payment /mo
9,639 Sqft Lot
New
3602 COLUMBIA PIKE Arlington, VA 22204
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAAR2080456
Year Built 1976
Annual Tax Amount $29,253
Tax Year 2026
Lot Size 9,639 Sqft
Acres 0.22
Lot Dimensions 119x83
Property Sub-Type Retail
Source BRIGHT
Property Description
Corporately Guaranteed for the last 50 years, 7-Eleven NNN Lease Opportunity
2950 SF, 100% Leased, Retail Building With 12 Parking Spaces, Lot Size 9,639, $3,750,000, 4.89 % Cap Rate
This is a rare opportunity to acquire a 7-Eleven property in Arlington, Virginia, backed by a newly extended NNN lease. The property has a current net operating income of $183,625.20 and includes rent increases every 5 years. The lease also calls for two, 5 year options to renew; increasing the Cap Rate to 5.38% and 5.92% respectively.
The property is located on Columbia Pike in one of Arlington's most active corridors, with strong visibility and easy access. Traffic counts exceed 20,000 vehicles per day, and the site benefits from both neighborhood customers and a large daily commuter base. Located in the dense Douglas Park neighborhood just across the Potomac River from Washington, D.C., the property sees consistent foot traffic and strong demand.
The surrounding area includes a concentration of major employers and amenities, such as headquarters for the Pentagon, Regan Airport, Crystal City which support a busy commercial environment. The Pentagon Metro Station is also nearby—about 0.3 miles away—adding significant transit-driven traffic. The area is supported by roughly 50,000 employees and an affluent residential base with average household income around $160,379, providing a solid and stable customer base for the tenant.
2950 SF, 100% Leased, Retail Building With 12 Parking Spaces, Lot Size 9,639, $3,750,000, 4.89 % Cap Rate
This is a rare opportunity to acquire a 7-Eleven property in Arlington, Virginia, backed by a newly extended NNN lease. The property has a current net operating income of $183,625.20 and includes rent increases every 5 years. The lease also calls for two, 5 year options to renew; increasing the Cap Rate to 5.38% and 5.92% respectively.
The property is located on Columbia Pike in one of Arlington's most active corridors, with strong visibility and easy access. Traffic counts exceed 20,000 vehicles per day, and the site benefits from both neighborhood customers and a large daily commuter base. Located in the dense Douglas Park neighborhood just across the Potomac River from Washington, D.C., the property sees consistent foot traffic and strong demand.
The surrounding area includes a concentration of major employers and amenities, such as headquarters for the Pentagon, Regan Airport, Crystal City which support a busy commercial environment. The Pentagon Metro Station is also nearby—about 0.3 miles away—adding significant transit-driven traffic. The area is supported by roughly 50,000 employees and an affluent residential base with average household income around $160,379, providing a solid and stable customer base for the tenant.
Location
State VA
County Arlington
Zoning C-2
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
View City
Accessibility 32\"+ wide Doors, Level Entry - Main
Total Parking Spaces 12
Garage N
Building
Lot Description Corner, Level, Road Frontage
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Arlington County Public Schools
Others
Tax ID 26-002-007
Ownership Fee Simple
Special Listing Condition Standard, Other
NEARBY SCHOOL & BUSINESS
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