7-Eleven NNN Retail
New
For Sale
$3,750,000
3602 COLUMBIA PIKE, Arlington, VA 22204
The occupied site has a net lease with scheduled rent adjustments and renewal options.
Property Size2,950 SF
Lot Size0.22 Acres
Price / SF$1,271
Days on Market7
Property Features for 3602 COLUMBIA PIKE
General Information
Standard status
Active
Size
2,950 SF
Total Parking Spaces
12
Lot size
0.22 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$183,625
Financials
Asking Price
$3,750,000
Cap Rate
4.89%
Additional Details
Traffic Count
20,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$29,253
Building Details
Building Size
2,950 SF
Year Built
1976
Tenancy
Single
Listing Agency:
G.E. Cranwell & Assoc., Ltd.
Listed By:
George E. Cranwell Jr. · License #0225109213
(703) 795-3519
Source:
Barnesrealestatecompany
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 6 at 12:10AM
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 G.E. Cranwell & Assoc., Ltd.
Investment Insights
Based on property information with market context.
This 7-Eleven retail property in Arlington is 2,950 SF on a 9,639-square-foot lot. The building dates to 1976 and includes 12 parking spaces. It is fully leased under an NNN agreement, with rent increases every five years and two five-year renewal options.
The property fronts Columbia Pike, where reported traffic exceeds 20,000 vehicles per day. The Pentagon Metro Station is approximately 0.3 miles away. The surrounding area includes the Pentagon, Reagan National Airport, and Crystal City, along with a residential population and commuter base.
The property fronts Columbia Pike, where reported traffic exceeds 20,000 vehicles per day. The Pentagon Metro Station is approximately 0.3 miles away. The surrounding area includes the Pentagon, Reagan National Airport, and Crystal City, along with a residential population and commuter base.
Key Highlights
- 7‑Eleven tenant under an NNN lease; 100% leased
- 2,950 SF building on a 9,639‑square‑foot lot
- 12 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,696
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,920
$2.3M
Cap Rate 7%
$1,638,514
$1.6M
Cap Rate 9%
$1,274,400
$1.3M
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$159.3K $54.00/SF
− Vacancy
−$6.4K −$2.16/SF
EGI
$152.9K $51.84/SF
− OpEx
−$38.2K −$12.96/SF
NOI
$114.7K $38.88/SF
Area
Arlington, VA
Vacancy
4.00%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,920
Cap Rate 7%
$1,638,514
Cap Rate 9%
$1,274,400
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,696 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$1.41M
$1.23M – $1.64M
NOI $98,683 @ 7.0% cap · market cap 2.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 39%
Electronics 2%
McDonald's
Dining
27,491 visits/mo
0.3 miles
Burger King
Dining
20,646 visits/mo
0.1 miles
Wendy's
Dining
18,420 visits/mo
0.0 miles
7-Eleven
Shops & Services
9,172 visits/mo
0.3 miles
Exxon
Shops & Services
8,981 visits/mo
0.1 miles
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - The occupied site has a net lease with scheduled rent adjustments and renewal options.
Where is this nnn property located?
The property is located at 3602 COLUMBIA PIKE Arlington, VA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 7‑Eleven tenant under an NNN lease; 100% leased; 2,950 SF building on a 9,639‑square‑foot lot; 12 parking spaces
