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Silver Diner 2909 Gallows Rd 5,600 SF Retail Building Falls Church, VA 22042 $10,329,808 CAD ($1,844.61 CAD/SF) 5% Cap Rate


INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease – Silver Diner has operated since 1997 under an absolute triple-net (NNN) ground lease with zero landlord responsibilities.
- High Traffic and Visibility Northern Virginia Location – Strategically positioned at the signalized intersection of Gallows Rd and Lee Hwy.
- The surrounding ±5-mile radius encompasses approximately 138,629 households with an average annual income of $208,755.
- Cover Land Opportunity with Future Repositioning – Situated on +/- 1.49 Acres the subject property zoned C-3 in Fairfax County.
- Highly Affluent and Densely Populated Trade Area – Located in Falls Church, within the Northern Virginia submarket.
EXECUTIVE SUMMARY
Kyle Matthews
License # 0226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 0226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,600 SF
Building Class
C
Year Built
1997
Price
$10,329,808 CAD
Price Per SF
$1,844.61 CAD
Cap Rate
5%
NOI
$516,490 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.49 AC
Zoning
430 - 351 - Restaurant With Alcohol
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
68’ on Porter Rd
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0494-01-0049E | Improvements Assessment | $3,124,327 CAD |
| Land Assessment | $2,092,800 CAD | Total Assessment | $5,217,127 CAD |
PROPERTY TAXES
Parcel Number
0494-01-0049E
Land Assessment
$2,092,800 CAD
Improvements Assessment
$3,124,327 CAD
Total Assessment
$5,217,127 CAD
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Silver Diner | 2909 Gallows Rd
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