Cushman & Wakefield, as exclusive advisor, is pleased to offer for sale Lorton Station Town Center (the “Property”), a necessity based, transit-oriented retail center located in Lorton, Virginia, one of D.C.’s most desirable and affluent suburbs. Comprising 51,806 SF and 95% leased, Lorton Station Town Center benefits from its ideal location in the heart of a transit-oriented, mixed-use community adjacent to the Lorton Station VRE (Virginia Railway Express). The Property is surrounded by mature single-family and multifamily communities, in addition to complementary medical buildings, that drive strong consumer demand and steady foot and vehicular traffic to the Property.
The center features a synergistic mix of food and beverage, service, and medical offerings, with several long-term tenants and 11+ years of average tenant tenure. This irreplaceable Property benefits from a lack of competitive supply and tight market vacancy, resulting in market rent growth of 3.5% and consistently high occupancy, averaging 93% over the past 5-years. Future ownership will continue to benefit from Lorton Station Town Center’s central location in an affluent, supply-constrained submarket within the Washington, DC region’s strongest and most desirable market – Fairfax County.
- Located Within Dynamic Lorton Station Mixed-Use Environment
- Positioned in the Heart of a Dense, Affluent, & High Barrier to Entry Market
- Diversified Cash Flow from Complementary Roster of Necessity Based Tenants
- Strong Northern Virginia Economy with Significant Demand Drivers Nearby
- Thriving, Supply-Constrained Retail Submarket with Negligible Vacancy