Keller Williams Falls Church, as exclusive listing agent, is pleased to present 4405 Duke Street, a premier automotive property in the City of Alexandria. The property features five bays and six lifts for automotive repair. Automotive properties are extremely rare and valuable in Northern Virginia because of the zoning rules and regulations.
Sale Price $3,950,000
Approved expansion bays by Special Permit
Turnkey automotive repair facility available • Excellent location •
Hi-end captive clientele • Unique opportunity for a solid business in the CITY OF ALEXANDRIA
Owner will consider lease with option to purchase
Rent $12,500
Lease Term 10 years
Triple Net Lease NNN
Rent Increase 6% annually for 1st five years
Rent Increase cap Rent increase will average 3% over 10-year term
40% of all rent will be applied to the purchase price
Owner financing is available with purchase
All terms are negotiable
The facility fully operational and all equipment to operate comes with the lease option or sale.