Overview
KLNB Retail Capital Markets is pleased to announce for sale the fee simple interest in DocStone Commons, a 26,993 SF Strip Center shadow anchored by Home Depot and Giant in Stafford, Virginia. The asset is occupied by a seasoned tenant roster including Outback Steakhouse, Navy Federal Credit Union, Orangetheory Fitness, and Monster Golf with recent addition of Fatty’s Wing House. DocStone Commons is positioned in Stafford’s primary retail corridor, less than 1-mile from I-95 and caters to the rapidly growing corridor anchored by Marine Corps Base Quantico. 100% occupied, DocStone Commons offers a national rent roll and additional complimentary shopping center traffic drivers including Chick-fil-A, AutoZone, Petco, and Staples, all located in the larger DocStone Commons Shopping Center.
Investment Highlights
- Five tenant retail strip center anchored by Outback and Navy Federal Credit Union, both in occupancy since construction in 2004
- Above average store sales for Outback Steakhouse with reliable percentage rent income, exceeding breakpoint
- Adjacent to traffic driving shadow anchors: Home Depot, Giant, Staples, AutoZone, and Goodwill
- Positioned along Garrisonville Road with 68,000+ VPD and 1-mile from I-95, the preferred interstate connecting Stafford to Washington DC and Richmond with 179,000+ VPD
- Rapidly expanding submarket with affluent consumer base, 57,860 residents earning $169,806 Avg HH Income within 3-miles
- First retail hub southbound from Marine Corps Base Quantico, a major regional anchor with $5.88 Billion economic impact
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