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3220 Old Lee Hwy - Fairfax, VA 22030 | Sold |
Single-Tenant Retail in Heart of FairfaxThis is the retail showroom of Citidoors, www.citidoors.com, an importer of quality interior doors serving the local and regional building contractor trade as well as direct to consumers. The landlord put over $300K into building renovations in 2019, including new HVAC, roof, electric and plumbing.
There are 8.5 years remaining on a 10-year lease, with 2% annual escalations, plus two five-year options. The lease began January 1, 2020 and initial term is through December 31, 2029. Tenant is growing rapidly and is paying rent on time. The building is located in City of Fairfax and zoned CR (Commercial Retail), “established to provide areas for office and general business and retail establishments, and uses accessory or complementary thereto,” per city code.
Located just off Fairfax Blvd. and Fairfax Circle, one of the busiest retail corridors in Fairfax County. Convenient to I-66 and the Beltway.
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