5949 Oakdale Rd - Residential Income FOR SALE


McLean, VA 22101
$3,931,000 USD
203-592-4688
5949 Oakdale Rd, McLean, VA for Sale
$3,931,000 USD
Residential Income - FOR SALE
1/13
null | 7% Cap Rate

5949 Oakdale Rd
McLean, VA 22101


HIGHLIGHTS

  • 10+ Years Remain on an Absolute Net Lease with Zero Landlord Responsibilities
  • Attractive Annual Rent Increases based on the CPI Index, Hedging Inflationary Risk
  • Corporate Guarantee with Behavioral Health Holdings II, Inc which has 163 Locations in 16 States
  • Inherent Security of Asset as A Luxury Residential Home Where Values Are Expected to Increase in the Next Decade
  • Location is a 24 Hour, All Female Facility Specializing in Treatment for Eating Disorders
  • Affluent Immediate Suburb of Washington DC with Average Household Income Exceeding $180,000

OVERVIEW

Graystone Capital Advisors is pleased to exclusively list for sale 5949 Oakdale Road located in McLean, Virginia, an affluent immediate suburb of Washington DC. The site is home to a National Behavioral Health Clinic, Discovery Practice Management branded as Center for Discovery, specializing in Eating Disorder Treatments. With over 10 years remaining on an Absolute Net lease, there are zero landlord responsibilities. There are also attractive annual increases based on the CPI index, which hedges inflationary risk. The lease is also corporately guaranteed by Behavioral Health Holdings II, Inc. which grew from 134 locations in 15 states to 163 locations in 16 states between 2021 and 2022. The asset itself sits on a 0.62 Acre site. The 6,194 SF building is a luxury single-family home converted beautifully into a female only, 24-hour treatment facility for eating disorders that has been operational since 2017. As a stately traditional single-family home, there are 6 bedrooms and 6.5 full bathrooms. The property also features a gourmet kitchen, four car garage, gas fireplace, sauna, finished lower level, and a separate in-law apartment with living/dining area. The site is just outside of Washington D.C.’s city limits – approximately 7.5 Miles from downtown. McLean is a very affluent area home to many diplomats, military, members of Congress, and high-ranking government officials. It is well known due to its luxury homes and nearby high profiting shopping centers such as Tysons Corner and Tysons Galleria. In 2018 McLean was the 3rd wealthiest city in the U.S. based on its poverty rate of 2.6% and Median Household Income exceeding $180,000. McLean is also home to Mars and Geebo, along with being the headquarters to the CIA and Office of the Director of National Intelligence. Major roadway through McLean include the Capital Beltway, George Washington Memorial Parkway, Interest 66, Dulles Access Road, Dolley Madison Blvd/Chain Bridge Road, Georgetown Pike, and Old Dominion Road. Demographics are strong with the Average Household Income exceeding $180,000 and 237,000 people within a 5-mile radius. With over 10 years remaining on an Absolute Net Lease and the strong underlying value of the real estate, this is a prime asset for any investor seeking real estate in this affluent segment of the DC area.

FOR SALE DETAILS

PRICE

$3,931,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Center for Discovery | Washington DC MSA

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,877 SF

ZONING

120

APN/PARCEL ID

0314-10-0025A

ASK ABOUT THIS PROPERTY

Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

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Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.