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Shopping Strip

Two-Tenant Strip | Northern Virginia Offering

3516 King St, Alexandria, VA 22302

Listing Price: $3,211,600

Cap Rate
4.75%
Gross SF
2,824
Rentable SF
2,824
Price/Gross SF
$1,137.25
Lot Size
0.10 acres
Year Built
2014

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this two-tenant retail property supremely located in Alexandria, Virginia (the “Offering”). The 2,824-square-foot shops are fully occupied by Verizon and Floyd’s 99 Barbershop, and benefit tremendously from positioning adjacent to the top-ranked Safeway in Virginia. The Offering presents an investor a rarely available location with cleanly structured net leases which result in both a passive investment and attractive net operating income (NOI) growth. Annual rent growth is this market is projected to be a strong 3%. Alexandria Shops is a rare opportunity as very few retail offerings come to market in Alexandria and inside the beltway in Northern Virginia. The Offering includes Verizon, a strong national brand with a growing retail footprint in the Washington, DC metro, and Floyd’s 99 Barbershop, an expanding upscale barbershop with locations in elite retail developments in the Washington, DC and Baltimore Metro such as the Mosaic District, Belmont Chase and Foundry Row.

Investment Highlights

  • Exceptional Alexandria Location
  • New Shop Space, Minimal Ownership Responsibility
  • At Market Rental Rates
  • DC Metro Demographics; $166,991 Incomes Within One-Mile

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    Senior Associate

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Shopping Strip

Two-Tenant Strip | Northern Virginia Offering

Listing Price: $3,211,600

Cap Rate
4.75%
Gross SF
2,824
Rentable SF
2,824
Price/Gross SF
$1,137.25
Lot Size
0.10 acres
Year Built
2014

Investment Highlights

  • Exceptional Alexandria Location
  • New Shop Space, Minimal Ownership Responsibility
  • At Market Rental Rates
  • DC Metro Demographics; $166,991 Incomes Within One-Mile

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this two-tenant retail property supremely located in Alexandria, Virginia (the “Offering”). The 2,824-square-foot shops are fully occupied by Verizon and Floyd’s 99 Barbershop, and benefit tremendously from positioning adjacent to the top-ranked Safeway in Virginia. The Offering presents an investor a rarely available location with cleanly structured net leases which result in both a passive investment and attractive net operating income (NOI) growth. Annual rent growth is this market is projected to be a strong 3%. Alexandria Shops is a rare opportunity as very few retail offerings come to market in Alexandria and inside the beltway in Northern Virginia. The Offering includes Verizon, a strong national brand with a growing retail footprint in the Washington, DC metro, and Floyd’s 99 Barbershop, an expanding upscale barbershop with locations in elite retail developments in the Washington, DC and Baltimore Metro such as the Mosaic District, Belmont Chase and Foundry Row.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    Senior Associate

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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