4405 Duke Street

Description

This is a rare opportunity to own an automotive facility in the City of Alexandria with NO MONEY DOWNThe current Sale Price has been set at $3,950,000 in year 2035. Dont let the premium price for this prime location deter you from the best automotive location in the City of Alexandria, Virginia because that is not what you will pay at the end of your lease term. This is a rare opportunity for this location in the City of Alexandria Virginia and the potential income to be made with projected gross sales of $2M to 2,5M per year in auto repair at this location.Highlights:Approved expansion bays by Special PermitState Inspections and EmissionsTurnkey automotive repair facility with all equipment and operations to run your facility from day one. The building can be expanded to accommodate two additional bays.Currently the shop has five lifts and can be expanded to six lifts.The zoning allows for a second floor with a maximum building height of 60 feet and an additional two bays.The current rent is $12,500Lease Term 10 yearsTriple Net Lease NNNRent Increase cap on year six, rent will not increase40% of all rent will be applied to the purchase priceOwner financing is available with purchase at the end of the ten-year term at a fixed price of $3,258,031.33 with NO DOWN PAYMENT at the current SBA interest rate. The owner will finance for a period desirable to both the tenant and owner for a period of 5 years or 10 years.The facility is fully operational and all the equipment to operate comes with the lease option to purchase.