KLNB Retail Capital Markets is pleased to present for sale the condominium interest in Olde Ashburn Center, a 20,008 SF retail under office building in Ashburn, Virginia. Constructed in 2009, the building is 100% occupied by a service-oriented retail tenant mix and a consumer facing roster of office tenants. The asset is comprised of 10,693 SF of ground floor retail, anchored by The Wine’ing Butcher, an artisanal butcher, wine shop, and café with 12+ years of tenure and healthy term remaining through September 2032. The 2nd floor office, totaling 9,315 SF, consists of seven tenants including VIP Dental, Ashburn Natural Wellness, and The Music Loft, among others. Current ownership is offering for sale a 92.29% interest in the condominium, with only one space separately owned, Ashburn Divine Dental on the 2nd floor.
- Anchored by The Wine'ing Butcher, an artisanal butcher shop, wine cellar, and cafe with 12+ years of tenure and term through 2032
- Excellent history of tenant renewals and retention throughout the COVID-19 pandemic
- 9+ years of weighted average length of occupancy
- Diverse income stream via ground floor retail and 2nd floor office space with elevator access
- Positioned in Loudoun County, the 5th fastest growing county in the Nation with an 84% population growth since 2000
- 95,757 residents earning $208,135 Average HH Income within a 3-mile radius