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28739123
28739124

2909 Gallows Rd, Falls Church, VA 22042

JE
DC SP98371724, MD 643676 (+1)
Matthews
Listed by Matthews
$7,400,000
183 days on market
Updated 91 days ago

Silver Diner

Details
APN 049-4-01-0049-E
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 5,600
Cap Rate 5%
NOI $370,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 35
Lease Expiration 02/29/2032
Remaining Term 5.7
Lease Options No Options Remain
Price per SqFt $1,321
Year Built 1997
Buildings 1
Acreage 1.490
Lease Commencement 03/01/1997
Ground Lease Yes
Ownership Fee Simple

Absolute NNN Silver Diner • Signalized Corner in High-Traffic Northern VA Suburb

Investment 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.

  • Seasoned Regional Operator – The tenant has operated at this location since 1997 and is part of Silver Brands, a privately held restaurant group founded in 1989. As of 2024, the group operates more than 23 locations throughout the Mid-Atlantic, with reported average unit volumes ranging from $5 million to $10 million, underscoring operational stability and brand strength.

  • Merrifield Area of Fairfax County – Located directly across the street from the ever expanding Mosaic District, a 31 acre urban mixed-use village consisting of over 500,000 SF of retail, 1,000 residential units, a 148 key hotel and 72,000 SF of office along with two parks and pedestrian friendly streets.

Listing Contacts

JE
DC SP98371724, MD 643676 (+1)
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$370,000.00
$30,833.33/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Kyle Matthews
License
0226035518 (VA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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