JLL, in conjunction with RI Marketplace, is pleased to offer the opportunity to acquire the fee-simple interest in a 100%-leased, 2-Tenant Duel-Anchor Property leased to Floor & Décor and Prince William County.
The Property is located in Woodbridge, Virginia a prominent Washington, DC suburb in Prince William County, Virginia. Woodbridge’s combination of high incomes ($106,900 average household income in 3 miles), dense population (122,000 residents in 3 miles) and regional accessibility via I-95 and Prince William Parkway, have made it a destination retail submarket. According to Costar, Woodbridge boasts 12.9MM SF of retail with only a 3.1% vacancy rate,
The 1-building, single-story retail property contains 155,309 net rentable SF and was constructed in 1996. The Property sits on a 12.51-acre single tax parcel that is zoned B1, which allows retail stores, shopping centers, office and institutional uses. The property is bolstered by its proximity to Potomac Mills Mall, a regional destination which is highlighted by AMC (1st/5), Marshalls (1st/14), Nordstrom Rack (1st/7) and Burlington (1st/11), whom are all the top performer amongst their chain locations in a 30-mile radius according to PlacerAI. Neighboring Costco, Ikea, and Sam’s Club work synergistically with the mall, collectively drawing over 11.25 Million Visits past the site.
Additionally, the Property is located at the intersection of Worth Avenue and Potomac Mills Circle, which are traversed by a combined 64,250 vehicles daily. Worth Avenue connects to commuter throughfares Prince William Parkway (45,000 VPD) and I-95 (188,000 VPD) which are used to access Washington, DC (20 miles away) and points across Northern Virginia. Land uses in the immediate area are predominantly commercial and retail along the major arteries, with dense residential developments in all directions along the secondary streets, providing the asset with a stable consumer base (Consumer Visit Data is From Placer.Ai.).
Property tours are being arranged by appointment. Please sign the Confidentiality Agreement and contact the JLL team to arrange your tour.
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783