507-519 Maple Ave W
Vienna, VA 22180 Vienna

• Unit Size: 11,445 SF
• Condo Use: Retail
• Price: $6,100,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $532.98 USD

Description

Legat Commercial Real Estate, LLC as the exclusive representative for Bernstein Management Group, Inc, is pleased to present for sale the condominium interest in the Village Green Shopping Center condominium complex located at 507-519 Maple Ave W, Vienna, Virginia, a 11,445 SF retail building situated on 1.10 acres of land (the“Property”). The Property is 100% leased to 8 tenants with an average WALT of approximately 4 years and an average in-place base rent of $34 per square foot/NNN. The Tenant's leases all have personal guarantees on the lease and uses range from food & beverage services, beauty and aesthetics businesses, tutoring services, and a lifestyle retail store. 

In addition to having secure in-place cash flow, this opportunity provides a highly attractive, multitenanted, triple net investment with minimal to no Landlord responsibilities. The condominium complex's HOA is professionally managed by Trimark who handles all maintenance of the entire building structure, building systems, common area and roof. The tenants on NNN leases reimburse for all Landlord expenses. 

The Property is located in the center of Vienna on Maple Ave which has an average of 30,000 vehicles pass by per day. The location is also in close proximity to Tysons Corner, Merrifield, and Oakton and commands one of the highest medium household incomes in Fairfax of $200,000. 

Village Green Shopping Center offers potential investors the opportunity to invest in a hands-off, stable, cash flowing, readily financeable investment property, that may be acquired for an attractive 6.4% CAP rate.

 Please do not disturb the Tenants.  Contact the brokers for all tour inquiries.

Sale Notes

Potential for partial owner user opportunity as a buyer may decide to move into an available space when the current lease expires and is not renewed.