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2909 Gallows Rd, Falls Church, VA, 22042

Silver Diner
$7,400,000

Key Information

Cap Rate
5%
Year Built
1997
Term Remaining
±6.2 YRS
Type
Retail
NOI
$370,000
Leasable Area
5,600

Highlights

  • Absolute NNN Ground Lease – Silver Diner has operated since 1997 under an absolute triple-net (NNN) ground lease with zero landlord responsibilities. The lease term extends through February 2032 with no remaining options.
  • Cover Land Opportunity with Future Repositioning – Situated on +/- 1.49 Acres the subject property zoned C-3 in Fairfax County  offers a medium to long term repositioning opportunity when the lease with Silver Diner set to expire in 2032.
  • High Traffic and Visibility Northern Virginia Location – Strategically positioned at the signalized intersection of Gallows Road (±35,000 VPD) and Lee Hwy (±33,400 VPD), the property benefits from exceptional visibility and access in a densely populated Washington, D.C. suburb. Regionally traffic is easily accessible from I-66 (±164,400 VPD) and I-495 Capital Beltway (±196,000 VPD). The site is well-situated to capture both commuter and local residential traffic.
  • Highly Affluent and Densely Populated Trade Area – Located in Falls Church, within the Northern Virginia submarket—one of the nation’s most affluent and economically resilient regions. The surrounding ±5-mile radius encompasses approximately 138,629 households with an average annual income of $208,755, supporting strong long-term tenant performance.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 0226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203