1500 Cornerside Blvd, Tysons, VA, 22182-2433, US

Tysons West

Asset description

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Tysons West – a 97% leased, 166,094 square foot, Walmart and LA Fitness Club Studio-anchored shopping center in flourishing Tysons, Virginia. Tysons West presents a generational opportunity to acquire an exceptional asset featuring a HIGH VOLUME & TOP PERFORMING WALMART, A SECURE & SYNERGISTIC RENT ROLL BOLSTERED BY LA FITNESS CLUB STUDIO – THE TOP FITNESS OFFERING IN THE SUBMARKET, AND AN AFFLUENT AND HIGH GROWTH LOCATION IN THE WASHINGTON, DC SUBMARKET, TYSONS, VA.

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Attributes

Building area gross

1,660 sf

Occupancy

97%

Year built

2013

WAULT

9.9 years

Media

Investment highlights

74% OF RENTAL REVENUE IS DERIVED FROM ESTEEMED NATIONAL/REGIONAL CONCEPTS, WITH 33% OF REVENUE DERIVED FROM #1 FORTUNE 500, WALMART

7.4 YR. TENURE & 9.9 YR. WALT ONLY 6% OF GLA HAS LEASE EXPIRATIONS IN THE NEXT 5 YEARS

LIMITED NEED FOR NEAR-TERM CAPITAL

EXPENDITURES OUTSTANDING VISIBILITY AND CONSUMER EXPOSURE VIA ADJACENCY TO REGIONAL THOROUGHFARES ROUTE 7 & DULLES TOLL ROAD, YIELDING 115,000 VPD

LA FITNESS CLUB STUDIO IS LA FITNESS’ PREMIER CONCEPT; THIS LOCATION IS SUPERIOR IN DESIGN, FITNESS EQUIPMENT QUALITY, AND CONSUMER EXPERIENCE COMPARED TO IT’S LIMITED COMPETITION EQUINOX AND LIFETIME FITNESS