Pancho Villa

PROPERTY SUMMARY

Triple Net Investment Group is pleased to present this rare opportunity to acquire a solid NNN investment just outside the Washington DC border. This street retail condo unit is located at a busy 4 lane intersection in the Rosslyn neighborhood of Arlington Virginia. There are no landlord responsibilities and 13+ years remain on the lease.
The unit is currently being used as a restaurant under a 15 year term Absolute NNN lease, and it is zoned for many other retail uses. It is part of the Turnberry Tower Condominium building which includes 240+ luxury residential units. The size is 4,400 square feet with a seating capacity of 150 indoor seats & 44 outdoor seats. Pancho Villa , a regional restaurant chain with 13 locations, is tenant since 2016.
The Rosslyn neighborhood has a good mix of residents, visitors ,and employees with 2,000+ hotel rooms , 100+ events annually, and over 1.2 Million people visit ingeach year (See RosslynVA.org). An entire new mixed-used city block is just finishing up construction (See CentralPlace.com). Demographics are strong within a 3 mile radius – total population of 313,227 & AVG household income of $136,290.

PROPERTY HIGHLIGHT

• Price = $4,600,000 | NOI = $276,744 | Cap Rate = 6%
• Absolute NNN with 13+ years remaining | No Landlord Responsibilities
• 3% Annual Rent Increases after year 8
• One block away from the busiest Metrorail station in Northern Virginia
• Within 1 mile Avg HH Income is $129,090 & Daytime Population is 101,507
• Nearby Tenants: Mc Donalds, Ruby Tuesday, Panera Bread, CVS, Rite Aid,
  Bank Of America, among others
• Over $1,000,000 in Tenant Improvements completed in 2015