About 3602 Columbia Pike
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.
