For Sale
$319,900

14641 Lee Hwy Centreville, VA 20121

High-yield Centreville retail space, leaseback opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This 1,250 square foot storefront, located at 14641 Lee Hwy #104 in Centreville, Virginia (zip code 20121), presents a compelling sale-leaseback investment opportunity. The property is currently leased to a single tenant under a modified lease agreement with a remaining term of approximately 0.8 years, expiring August 31, 2025. The lease commenced September 15, 2020, and includes a 3% annual rent bump. The asking price is $319,900, translating to a price per square foot of $255.92. The property boasts a Net Operating Income (NOI) of $22,120, resulting in a 6.91% capitalization rate. The property features 10 parking spaces and is zoned I-5, allowing for a variety of uses. The interior includes bamboo wood and tile floors, abundant natural light, and a private bathroom. This fully built-out space is ideal for a range of businesses. The property's location within the CentreLee Business Park offers excellent visibility and accessibility. This investment provides immediate cash flow and potential for future appreciation. The property's Assessed Parcel Number (APN) is 0543 30D 0104. The tenant has no credit rating.

Property Details for 14641 Lee Hwy

Property type
Retail properties, Retail space
Square Feet
1,250 SF

Location Insight

City
Centreville
County
Fairfax
State
Virginia
Latitude
38.833771321446
Longitude
-77.454067064378

FAQs

What type of property is this?
Retail property - High-yield Centreville retail space, leaseback opportunity.
Where is the retail property located?
The property is located at 14641 Lee Hwy Centreville, VA.
What is the asking price?
The asking price for this property is $319,900.
How can I contact the broker?
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14641 Lee Hwy
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