10426 Main StFairfax, VA 22030

This exceptional investment opportunity presents a 22,000 square foot, free-standing retail building located at 10426 Main Street in Fairfax, Virginia. The property boasts three units, each operating under a triple-net (NNN) lease, resulting in 100% occupancy. Built in 1955 and extensively renovated in 2021, including a new roof and HVAC systems, this two-story building offers a blend of historic charm and modern functionality. The property sits on a 0.32-acre lot and includes 25 parking spaces. Currently generating a net operating income (NOI) of $471,618, this investment offers a compelling 6.25% capitalization rate. The asking price is $7,550,000, translating to $343.18 per square foot. Situated in the heart of Downtown Fairfax City's business district within the Washington, D.C. metro area, and zoned for commercial retail use, this property presents a stable and high-performing asset ideal for investors seeking a strong return. The property's strong financial performance, prime location, and recent renovations make it a highly desirable investment opportunity.