For Sale
$10,425,000

44795 Dulles Overlook DrAshburn, VA 20147

Multi-tenant retail center, high NOI, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 13,316 square foot, multi-tenant retail center in Ashburn, Virginia, presents a compelling investment opportunity. Located at 44795 Dulles Overlook Dr, 20147, this 100% occupied property boasts a diverse tenant mix including Dunkin', Five Guys, Big Screen Store, Club Champion, and Ashburn Kabob. The property features a 5.75% cap rate and a substantial NOI of $599,445, with scheduled rent bumps providing a hedge against inflation. Each lease includes two five-year options to extend, showcasing tenant commitment. Built in 2022, the center features high-quality construction and finishes. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities to roof and structure maintenance, while tenants cover CAM, taxes, and insurance. Situated on a 2.96-acre lot, the center enjoys a prime location directly off Leesburg Pike (134,000 vehicles per day), across from the thriving One Loudoun mixed-use development, and less than 3.5 miles from Dulles Town Center. The strong demographics of the 5-mile trade area, including an average household income of $182,697 and proximity to Washington, D.C. (32 miles), further enhance the investment potential. This fee-simple ownership (land and building) offers a management-free investment ideal for passive investors. The asking price is $10,425,000, representing a price per square foot of $782.89.

Highlights

  • $10,425,000 asking price for a 13,316 square foot retail property in Ashburn, VA.
  • Net lease investment opportunity with a 5.75% cap rate and $599,445 NOI.
  • 100% occupancy with a multi-tenant lineup including Dunkin', Five Guys, and other established brands.
  • Located on Dulles Overlook Dr. in Loudoun County, VA, near major roadways and One Loudoun lifestyle center.
  • Strong demographics with high household incomes and proximity to Washington, D.C.

Property Details for 44795 Dulles Overlook Dr

Property type
Lifestyle centers, Power centers
Square Feet
13,316 SF
Lot Size (sq. ft)
128,938 SF

Location Insight

City
Ashburn
County
Loudoun
State
Virginia
Latitude
39.052023758347
Longitude
-77.451283980761
44795 Dulles Overlook Dr, Ashburn, Virginia

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44795 Dulles Overlook Dr
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