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Unanchored Strip Center
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801 S Washington St, Alexandria, VA 22314

Unanchored strip center offering 98% occupancy with a diversified tenant mix and a 7.1-year weighted average lease term.

Property Size43,527 SF
Days on Market133

Property Features for 801 S Washington St

General Information

Standard status Active
Size 43,527 SF
Property subtype Retail
Occupancy 98%
Listing Agency: JLL - Washington, D.C.
Listed By: Jordan Lex · License #DC SP98373803
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 10:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Washington, D.C.

Investment Insights

Based on property information with market context.

This unanchored strip center totals 43,527 square feet and is currently 98% occupied, with all existing space under LOI or lease. The tenant roster reflects essential uses across home improvement, service, medical, and food and beverage. Old Town Hardware represents 30% of GLA and 24% of rent, operating at the property since 2015 and franchised as Ace Old Town Hardware.

The property is offered for sale at 801 S Washington St in Alexandria, Virginia. The center has 7.1 years of weighted average lease term, and no single tenant accounts for more than 24% of rental revenue. The surrounding area is described as having 132,600 residents within three miles with average household incomes of $188,200.

Key Highlights

  • 43,527 SF unanchored strip center in Alexandria, VA
  • 98% occupied with 100% under LOI/at lease for current leasing status
  • Diverse tenant mix across home improvement, service, medical, and food & beverage

Property Analytics

Current Use

Shell Gas Station

Suggested Use

Top Pick Auto Parts Store Locksmith HVAC Service Tanning Salon Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

98%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,728
Businesses Nearby
112k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 37% Dining 36% Groceries 25% Home Improvements & Furnishings 2%
McDonald's Dining
33,787 visits/mo 0.4 miles
Harris Teeter Groceries
22,693 visits/mo 0.1 miles
Exxon Shops & Services
8,223 visits/mo 0.1 miles
Wells Fargo Shops & Services
7,162 visits/mo 0.4 miles
Shell Shops & Services
6,450 visits/mo 0.4 miles

Demographics for 22314, VA

35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Unanchored strip center offering 98% occupancy with a diversified tenant mix and a 7.1-year weighted average lease term.
Where is this strip mall located?
The property is located at 801 S Washington St Alexandria, VA.
What are key features of this property?
This property features: 43,527 SF unanchored strip center in Alexandria, VA; 98% occupied with 100% under LOI/at lease for current leasing status; Diverse tenant mix across home improvement, service, medical, and food & beverage
(202) 533-2517 Call to check price and availability
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