Multi-Tenant Retail Investment | Leesburg, VA

Investment Overview

Stabilized multi-tenant retail investment in the heart of downtown Leesburg with significant mark-to-market upside. The 11,466 SF property sits on a 0.55-acre corner at Church and South Streets, fully leased to 10 tenants generating $286,765 in gross income and $218,043 in NOI. Multiple in-place leases are materially below current downtown market rates, with an estimated $55,000–$90,000 of annual rent growth achievable through routine re-leasing as leases roll over the next 12 to 24 months. Diverse tenancy includes retail, office, residential, and creative-use users.

Investment Highlights

• Fully leased, stabilized income — 11,466 SF across three buildings, 100% occupied by 10 diversified tenants generating $286,765 in gross income and $218,043 NOI.
• Significant mark-to-market upside — Multiple in-place leases below current downtown market rates, with an estimated $55K–$90K of annual rent growth achievable through routine re-leasing, equating to roughly $850K–$1.5M in value creation at market cap rates.
• Near-term lease rollover — Three of the most below-market suites totaling 5,554 SF have leases expiring within the next 12 to 24 months, providing a clear, low-risk path to NOI growth.
• Prime downtown Leesburg corner location — One block off King Street and steps from Tuscarora Mill, South Street Under, the Loudoun County Courthouse, and the W&OD Trail.
• Affluent, growing trade area — Five-mile average household income of $219,101, Loudoun County median HHI of $170,463, and a downtown Leesburg residential base with continued boutique retail demand.