NNN Investment Opportunity | Fairfax City, VA

Highlights

• 22,000 SF free-standing building: Spacious and versatile commercial space.
• 3 units with NNN leases: Stable and predictable income streams.
• Fully Renovated in 2021: Including New Roof and HVAC systems
• Commercial Retail zoning: Ideal for retail and free-standing building investors.
• 100% occupancy: Fully utilized and generating consistent revenue.
• $471,618 NOI: Demonstrates strong financial performance and potential for ROI.
• Built in 1955, modernized for today's standards: Blend of historic character and modern functionality.
• Prime Washington DC Metro area location: Strategic accessibility and exposure for businesses.

Description

An exceptional investment opportunity awaits at 10426 Main Street, Fairfax, VA, in the heart of the Downtown Fairfax City business district. This 22,000 SF free-standing building, fully renovated in 2021 including a new roof and HVAC units, showcases three units, each occupied under NNN leases, culminating in a remarkable 100% occupancy rate. With a NOI of $471,618, this property presents a lucrative return on investment. Strategically located in the Washington DC Metro area and zoned for commercial retail, it offers an ideal environment for retail and free-standing building investors seeking a stable and high-performing asset.

Fairfax City, Virginia, boasts a solid economic profile with impressive statistics that underscore its attractiveness for commercial real estate investment. The city’s median household income is approximately $125,000, significantly higher than the national average, reflecting the area’s affluence and spending power. This high household income, paired with a well-educated population where over 60% of residents hold a bachelor’s degree or higher, contributes to a thriving local economy that supports a diverse mix of businesses.

The proximity to George Mason University, Virginia’s largest public research university, injects a dynamic workforce into the city, with over 38,000 students and 6,000 faculty and staff members. This presence not only fosters a culture of innovation but also creates a demand for commercial properties in sectors like retail, dining, and multifamily housing.

Fairfax City’s unemployment rate is consistently lower than the national average, with job growth expected to rise by nearly 34% over the next decade, outpacing national projections. The city’s office market benefits from a strategic location within the D.C. Metro area, attracting businesses in government contracting, tech, and finance. Retail vacancy rates remain low, supported by strong consumer spending and Fairfax City’s reputation as a shopping and dining destination. Commercial property values have shown steady appreciation, and the city’s stable population growth supports continued demand across all property sectors.

With Northern Virginia’s population expected to grow by over 10% in the next decade, Fairfax City is well-positioned for sustained economic growth, making it an ideal spot for investors targeting long-term stability and high occupancy rates.

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