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OFFERING MEMORANDUM
9909 MAIN ST. FAIRFAX VA 22031
OFFERED FOR SALE BY KELLER WILLIAMS
FALLS CHURCH
PROPERTY SUMMARY
Keller Williams Falls Church, as exclusive listing agent, is pleased to present 9909 Main Street, a premier automotive property in Fairfax, VA. The property features a modern automotive showroom and shop buildings for automotive service and repair. New led lights installed in June 2017. The 30,000 square foot corner lot provides excellent visibility and is located in a high traffic corridor on SR236, with close proximity to Downtown Fairfax City and other busy retail centers. The property is meticulously maintained, and is currently occupied by two tenants, anchored by Mr. Tire, a highly desirable co-tenant. Spacious parking lot for display of cars, trucks, etc. Sign is highly visible from street. High barrier-to-entry market with little planned supply; this is an excellent investment opportunity.
PROPERTY HIGHLIGHTS
ASKING PRICE $7,200,000 GROSS INCOME $442,080 CAP RATE 6.14% OWNERSHIP FEE SIMPLE LOT SIZE 30,056 SF GLA 14,960 SF YEAR BUILT 1985 RENOVATED 2001 ZONING C-3
© 2016 Keller Williams Realty Falls Church. The information contained in this document has been obtained from sources believed reliable, however, KWFC has not verified it and makes no guarantee, warranty or representation about it. You and your advisors should conduct a careful, independent investigation of the property to determine the suitability of the property to your needs.
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FOR MORE INFORMATION PLEASE CONTACT Noel Harmer 202-809-0819 [email protected] Lou Bonfiglio (703) 314-2501 [email protected]
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RENT ROLL & OTHER INCOME
TENANT HIGHLIGHTS
Mr. Tire a subsidiary of Monro is a chain of 1,118 Company-operated stores (as of March 25, 2017), 114 franchised locations, five wholesale locations, two retread facilities and 14 dealer-operated stores providing automotive undercar repair and tire sales and services in the United States. Monro is a publicly traded company on the Nasdaq, symbol MNRO. At March 25, 2017, Monro operated Company stores in 27 states. It is our mission to provide our customers with superior maintenance and repair services, quality replacement parts, and name brand tires, at affordable prices. We sell only what you need, done right the first time—guaranteed.
Rated as the top luxury car dealer in Northern Va and winner of VIADA's prestigious Dealer of the Year Award, Fairfax Motors strives on bringing an unparalleled experience to you... our customer. Since 1993 Fairfax Motors has been exceeding the expectations of thousands of discriminating pre- owned luxury automobile buyers in Maryland, Virginia, Washington DC and beyond. Every vehicle we sell is hand-picked by our founder and president, Andy Gurowitz, with the upmost in quality in mind.We have a strong and committed sales staff with many years of experience in the exotic and luxury car market satisfying our customers' needs.
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DEMOGRAPHICS & TRAFFIC PATTERNS
Population 1 Mile 3 Mile 5 Mile 2016 Total
Population: 14,304 123,286 308,238
2021 Population: 15,427 130,174 322,556 Pop Growth 2016-
2021: 7.85% 5.59% 4.65%
Average Age: 36.80 38.00 38.00 Households
2016 Total Households:
4,393 42,700 111,148
HH Growth 2016-2021:
9.65% 5.81% 4.72%
Median Household Inc:
$123,577 $118,950 $111,977
Avg Household Size:
2.60 2.70 2.70
2016 Avg HH Vehicles:
2.00 2.00 2.00
Housing Median Home
Value: $561,696 $528,721 $516,492
Median Year Built: 1974 1977 1978
Collection Street Cross Street Traffic
Volume Count Year
Dist from Subject
Main St Burke Station Rd 41,480 2015 0.04 Burke Station Rd Cresence Way 6,759 2015 0.07 Main St Fairfax Sq 39,650 2015 0.14 Maple Ave John Robert Way 327 2015 0.29 Burke Station Rd Barbara Ann Ln 6,685 2015 0.30 Maple Ave Lenox Dr 457 2015 0.39 Roberts Rd Wrens Ct 4,013 2015 0.43 Maple Ave Minton Dr 708 2015 0.46 Laurel St Burke Station Rd 5,410 2015 0.47 Roberts Rd Sager Ave 8,683 2015 0.47
TRAFFIC
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AERIAL MAP
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PLAT MAP
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PHOTOS
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PHOTOS
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DISCLAIMER: The information contained in this document has been obtained from sources believed reliable. However, we have not verified the accuracy of this information and make no warranty or representation, express or implied, as to the accuracy of the information contained herein. It is submitted subject to the possibility of errors, omissions, change of price, change of rental or other conditions, prior sale, lease or financing or withdrawal without notice. The inclusions of projections, assumptions, opinions or estimates are for example only, and they may not represent current or future performance of the property. You and your legal and tax advisors should conduct your own due diligence and own investigation of the property and this transaction.
For additional information, please contact:
Exclusive Agents
LOU BONFIGLIO NOEL HARMER (703) 314-2501 (202) 809-0819 [email protected] [email protected]
CONTACT INFORMATION & DISCLAIMER
