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6711 Lea Berry WayHaymarket, VA 20169
Shoppes at Haymarket
Asset ClassRetail
Occupancy100%
Call For Offers: 03/06/25Access Data Room
Well Tenured, 100% Occupied Retail Center 3-Minutes from Interstate-66
overview of deal

Overview

KLNB Retail Capital Markets is pleased to exclusively present for sale the fee simple interest in The Shoppes at Haymarket, a 22,400 SF retail strip center with additional rental income contributed by Swirlie’s Ice Cream in a freestanding building on a pad site. Located in the affluent Haymarket neighborhood of Prince William County, the property is positioned along Washington Street (16,900 VPD) with supplementary access along James Madison Highway (16,600 VPD). Shadow anchored by a newly leased and renovated Aldi and Planet Fitness, the Shoppes at Haymarket is occupied by a diverse service, medical, and restaurant tenant mix, including Papa Johns, Subway, Dentists of Haymarket, and Dr. David Gore Optometry.

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Investment Highlights

Diversified Tenant Roster with Balanced Rent Roll

  • Occupied by 13 tenants, no individual retailer occupies more than 15% of the center or contributes more than 13% of the base rent, limiting rollover risk and ensuring steady cash flow

Shadow Anchored Neighborhood Strip Center

  • Shadow anchored by Aldi and Planet Fitness, strong co-tenants and traffic drivers that serve as destination uses for the submarket

Seasoned Rent Roll with Additional Income Streams

  • The center benefits from exceptional tenant retention and weighted average length of occupancy of 18+ years, with 8 of the 13 tenants occupying the center since its construction in 2001

Supply Constrained Retail Corridor

  • The town of Haymarket supports retail needs for a wide trade area, predominantly the dense residential communities nearby and the retail-lacking areas to the southwest, west, and north of the property, which does not see a primary retail hub in either direction for 10+ miles

Expanding, Affluent Submarket with Top Caliber Demographics

1 Mile
3 Mile
5 Mile
Total Population
9,283
51,849
76,166
Average Household Income
$189,863
$199,688
$200,628
Proj. Population Growth
1.57%
0.97%
0.79%
Proj. Income Growth
2.62%
2.34%
2.33%
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6711 Lea Berry WayHaymarket, VA 20169
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Listing provided by Revere CRE