Flagship Commons at One Loudoun - Ashburn, VA | 44795 Dulles Overlook Dr
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Flagship Commons at One Loudoun - Ashburn, VA 44795 Dulles Overlook Dr
13,316 SF 100% Leased Retail Building Ashburn, VA 20147 £8,203,206 (£616/SF) 5.75% Net Initial Yield
Investment Highlights
- Ideal, management-free investment for an out-of-state, passive investor
- Loudoun County, the wealthiest county in the nation, boasts a population of over 474,962 & a five-year projected growth of 7.80%
- Less than 3.5 miles from Dulles Town Center, a 1.38M SF super-regional mall featuring tenants such as Macy’s, Regal, DICK’S, LA Fitness, and more
Executive Summary
• Opportunity to acquire Flagship Commons, a 5-tenant strip offering in Ashburn, VA
• The offering features a notable tenant lineup: Five Guys, Big Screen Store, Club Champion and Dunkin’ drive-thru
• The leases features scheduled rental increases during the initial term and during option periods, generating NOI and providing a hedge against inflation
• 2022 construction featuring high quality materials, distinct design elements, and high-level finishes
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• Landlord responsibilities limited to roof and structure
• Ideal, management-free investment for an out-of-state, passive investor
• The asset is located directly off Leesburg Pike/State Highway 7
(134,000 VPD), providing users with the ease and convenience of direct on/off ramp access to the site
• Across from One Loudoun, a lifestyle mixed-use community that brings a diverse collection of shops, restaurants, corporate offices, entertainment and expertly crafted new homes right to the heart of Loudoun County
• The 20-acre development boasts over 365,000 SF of retail space and features major tenants such as Trader Joe’s, SEPHORA, Starbucks, Barnes & Noble, Lululemon, and more
• One Loudoun ranks in the top 68% of all lifestyle centers nationwide and in the top 73% of all VA lifestyle centers
• Less than 3.5 miles from Dulles Town Center, a 1.38M SF super-regional mall featuring tenants such as Macy’s, Regal, DICK’S, LA Fitness, and more
• More than 194,800 residents and 93,000 employees support the trade area
• $201,903 average household income within 1-mile radius
• 32 miles from Washington D.C.
• Loudoun County, the wealthiest county in the nation, boasts a population of over 474,962 & a five-year projected growth of 7.80%
• The offering features a notable tenant lineup: Five Guys, Big Screen Store, Club Champion and Dunkin’ drive-thru
• The leases features scheduled rental increases during the initial term and during option periods, generating NOI and providing a hedge against inflation
• 2022 construction featuring high quality materials, distinct design elements, and high-level finishes
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• Landlord responsibilities limited to roof and structure
• Ideal, management-free investment for an out-of-state, passive investor
• The asset is located directly off Leesburg Pike/State Highway 7
(134,000 VPD), providing users with the ease and convenience of direct on/off ramp access to the site
• Across from One Loudoun, a lifestyle mixed-use community that brings a diverse collection of shops, restaurants, corporate offices, entertainment and expertly crafted new homes right to the heart of Loudoun County
• The 20-acre development boasts over 365,000 SF of retail space and features major tenants such as Trader Joe’s, SEPHORA, Starbucks, Barnes & Noble, Lululemon, and more
• One Loudoun ranks in the top 68% of all lifestyle centers nationwide and in the top 73% of all VA lifestyle centers
• Less than 3.5 miles from Dulles Town Center, a 1.38M SF super-regional mall featuring tenants such as Macy’s, Regal, DICK’S, LA Fitness, and more
• More than 194,800 residents and 93,000 employees support the trade area
• $201,903 average household income within 1-mile radius
• 32 miles from Washington D.C.
• Loudoun County, the wealthiest county in the nation, boasts a population of over 474,962 & a five-year projected growth of 7.80%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,316 SF
Year Built
2022
Price
£8,203,206
Price Per SF
£616
Net Initial Yield
5.75%
NOI
£471,687
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Lot Size
2.96 AC
Zoning
PDCCSC - PD-CC (SC) - Planned Development-Commercial Center (Small Regional Center)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 057-10-9694 | Improvements Assessment | £2,403,553 |
Land Assessment | £1,974,747 | Total Assessment | £4,378,301 |
PROPERTY TAXES
Parcel Number
057-10-9694
Land Assessment
£1,974,747
Improvements Assessment
£2,403,553
Total Assessment
£4,378,301
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Flagship Commons at One Loudoun - Ashburn, VA | 44795 Dulles Overlook Dr
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