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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%

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
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

Trader Joe's
CAVA
Sandy Spring Bank
World of Beer
Stretchlab
Elevation Burger
Bar Louie
Starbucks
Five Guys
Matchbox

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
057-10-9694
Land Assessment
£1,974,747
Improvements Assessment
£2,403,553
Total Assessment
£4,378,301
  • Listing ID: 31620757

  • Date on Market: 26/04/2024

  • Last Updated:

  • Address: 44795 Dulles Overlook Dr, Ashburn, VA 20147

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