Absolute NNN Ground
For Sale
$7,400,000
2909 Gallows Rd, Falls Church, VA 22042
Established restaurant tenancy provides an absolute triple-net structure with no landlord responsibilities through February 2032.
Property SizeContact for details
Lot Size1.49 Acres
Days on Market8
Property Features for 2909 Gallows Rd
General Information
Standard status
Active
Lot size
1.49 Acres
Property subtype
Commercial
Zoning
C-3
Lease Term
±6.2 YRS
Net Operating Income
$370,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1997
Listing Agency:
Matthews Real Estate Investment Services - Corporate
Listed By:
Josh Ein · License #643676 (MD)
(301) 971-0207
Source:
Matthews
Added: Sep 16
Last Checked: Sep 22 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
This 1.49-acre commercial site is subject to an absolute NNN ground lease with Silver Diner, which has operated at the property since 1997. The lease runs through February 2032 and includes no remaining options, while landlord responsibilities are excluded under the lease structure. The property is zoned C-3 in Fairfax County and offers a future repositioning opportunity after the current term ends.
The site occupies the signalized intersection of Gallows Road and Lee Hwy in Falls Church, Virginia, with approximately 35,000 VPD and 33,400 VPD on the respective roads. Regional access includes I-66, carrying approximately 164,400 VPD, and I-495 Capital Beltway, carrying approximately 196,000 VPD. Within an approximately 5-mile radius, the trade area includes approximately 138,629 households with average annual income of $208,755.
The site occupies the signalized intersection of Gallows Road and Lee Hwy in Falls Church, Virginia, with approximately 35,000 VPD and 33,400 VPD on the respective roads. Regional access includes I-66, carrying approximately 164,400 VPD, and I-495 Capital Beltway, carrying approximately 196,000 VPD. Within an approximately 5-mile radius, the trade area includes approximately 138,629 households with average annual income of $208,755.
Key Highlights
- Absolute NNN ground lease with zero landlord responsibilities
- Silver Diner has operated at the site since 1997
- Lease term extends through February 2032 with no remaining options
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,495
Businesses Nearby
413k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 29%
Shops & Services 22%
Home Improvements & Furnishings 15%
The Home Depot
Home Improvements & Furnishings
53,875 visits/mo
0.2 miles
H Mart
Groceries
50,341 visits/mo
0.1 miles
McDonald's
Dining
40,777 visits/mo
0.3 miles
Lidl
Groceries
33,024 visits/mo
0.0 miles
Aldi
Groceries
27,800 visits/mo
0.5 miles
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established restaurant tenancy provides an absolute triple-net structure with no landlord responsibilities through February 2032.
Where is this nnn property located?
The property is located at 2909 Gallows Rd Falls Church, VA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities; Silver Diner has operated at the site since 1997; Lease term extends through February 2032 with no remaining options
