Description

Jones Lang LaSalle is pleased to present the opportunity to acquire Herndon Centre - an 84,623 square foot shopping center in Herndon, VA. The Property is dual-anchored by Sprouts and LA Fitness (Signature Club) with a premier grocer and national tenant line-up providing a secure income stream via 7.2 years of WALT. Current Ownership fully redeveloped the Property in 2019, creating a best-in-class grocery anchored shopping center in an affluent, infill Northern Virginia location at the forefront of the AI and cloud computing revolution.

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Caractéristiques de l'actif

Surface de l'actif Net

7 862 m²

Occupation

100 %

WALT

7.2 années

Média

Points clés d'investissement

Best-In-Class Grocery-Anchored Product in an Affluent, Infill Northern Virginia Location at the Forefront of the AI and Cloud Computing Revolution
Minimal CapEx Spend Required - $18.4 Million Invested in Capital Improvements During the Property's Full Redevelopment in 2019
Premier Grocer and National Tenant Line-Up Providing a Secure Income Stream Via 7.2 Years of WALT
Robust Demographics with $201K Average Household Income and a Population of 242K within a 5-Mile Radius
Growing Submarket with a 12% 5-Year Projected Population Growth with Over 5,400,000 SF of Planned Mixed-Use Development in a ~1-Mile Radius