For Sale
$5,200,000

5515 Langston BlvdArlington, VA 22207

High-performing Starbucks, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a thriving Starbucks located at 5515 Langston Blvd, Arlington, VA 22207. The 2,620 square foot building, renovated in 2020, sits on a substantial 34,987 square foot lot (.803 acres) and boasts a highly successful drive-thru. Currently operating under a Net Lease (NNN) agreement with a credit-rated, corporate-guaranteed tenant, this property offers a secure and stable income stream. The lease has six years remaining with four five-year options, ensuring long-term cash flow. The property's C-1 zoning permits future redevelopment potential, offering significant upside for a savvy investor. With 34 parking spaces and a prime location in an affluent Arlington neighborhood, this asset is poised for continued success. The asking price is $5,200,000, translating to a price per square foot of $1,984.73. Built in 1973, this property offers a blend of established performance and future development possibilities. The substantial lot size presents a unique opportunity for future mixed-use development, potentially up to 244,909 square feet (7 stories), subject to all necessary approvals. Rent bumps are included in the lease agreement. This is a rare chance to acquire a high-performing, single-tenant Starbucks in a highly desirable location.

Highlights

  • Corporate single-tenant NNN lease with six years remaining and four five-year options.
  • Investment-grade tenant, Starbucks (SBUX), with a BBB+ S&P rating.
  • By-right mixed-use development potential of 244,909 square feet, allowing for a seven-story building.

Property Details for 5515 Langston Blvd

Property type
Retail properties
Square Feet
2,620 SF
Year Built/Renovated
1973/2020

Location Insight

City
Arlington
County
Arlington
State
Virginia
Latitude
38.89600521
Longitude
-77.1394378
5515 Langston Blvd, Arlington, Virginia

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5515 Langston Blvd
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