Lorton Station Town Center_Property for Sale

8998, 9000, 9020 Lorton Station Boulevard, Lorton, VA, 22079, US

Lorton Station Town Center

Asset Description

Jones Lang LaSalle, as exclusive listing advisor, is pleased to present the opportunity to acquire Lorton Station Town Center, a 51,806 square foot shopping center in the prestigious suburbs of Fairfax County, Virginia. The Property is a key component of Lorton Station, a premier mixed-use community designed with transit accessibility to the greater DC Metro area.

The center offers a well-balanced mix of retail, dining, and service establishments, serving the needs of the 1,181 residences within the development. Located 18 miles south of Washington, DC, the Property benefits from its adjacency to 90,000 square feet of medical office space and the Lorton Station VRE (Virginia Railway Express), providing convenient commuter access to major employment hubs in the DC Metro area. VRE Ridership is anticipated to spike due to the new administration’s Return to In-Person Work executive order, likely driving higher foot traffic to the Property.

The synergy of public transportation, residential density, and medical office is an ideal mix for consistent pedestrian and vehicular traffic to the center. This strategic combination caters to an affluent submarket while benefiting from minimal competition in the trade area.

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Attributes

Building area gross

4,813 m²

Occupancy

100%

Year built

2006

Land area gross

0.89 ha

Media

Investment Highlights

Lorton Station Town Center is an integral component of an award-winning, transit-oriented mixed-use community, Lorton Station. Delivered in 2007, Lorton Station consists of:

A 98% leased, 251-unit luxury apartment community, the Cosmopolitan
Over 900 condominiums, townhomes, and single family homes
Lorton VRE Station, providing direct access to job centers across Metro DC

Supply-Constrained submarket catering to highly affluent population

Lorton has bolstered 22% population growth since 2010
3-Mile demographics of 59,372 residents with an average household income of $192,967
Located in Fairfax County - the 5th wealthiest county in the country
Located 10 minutes from Fort Belvoir, the headquarters to an abundance of military and national security departments with 51,000+ employees, making it one of the region's largest employment centers
Immediate submarket is predominantly residential with a 2.9% vacancy rate with 0 SF of inventory under construction