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.
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
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Sales Team
