5515 Langston Blvd Arlington, VA 22207
- Retail properties
- 2,620 SF
Current Use by Public Records
- Isalis / Boutique / Women'S Clothing Store
- Party City / Candy Store / Costume Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 5515 Langston Blvd
- Year built
- 1973
- Property size
- 2,620 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving Starbucks located at 5515 Langston Blvd, Arlington, VA 22207. The 2,620 square foot building, renovated in 2020, sits on a substantial 34,987 square foot lot (.803 acres) and boasts a highly successful drive-thru. Currently operating under a Net Lease (NNN) agreement with a credit-rated, corporate-guaranteed tenant, this property offers a secure and stable income stream. The lease has six years remaining with four five-year options, ensuring long-term cash flow. The property's C-1 zoning permits future redevelopment potential, offering significant upside for a savvy investor. With 34 parking spaces and a prime location in an affluent Arlington neighborhood, this asset is poised for continued success. The asking price is $5,200,000, translating to a price per square foot of $1,984.73. Built in 1973, this property offers a blend of established performance and future development possibilities. The substantial lot size presents a unique opportunity for future mixed-use development, potentially up to 244,909 square feet (7 stories), subject to all necessary approvals. Rent bumps are included in the lease agreement. This is a rare chance to acquire a high-performing, single-tenant Starbucks in a highly desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Arlington
- State
- Virginia
- Longitude
- -77.1394
- Latitude
- 38.896
