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Second-Generation Retail Space
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116 E Fairfax St, Falls Church, VA 22046

Second-generation retail space measuring 1,524 SF in the City of Falls Church, shadow-anchored by Aldi.

Space Size1,603 SF
Days on Market502

Property Features for 116 E Fairfax St

General Information

Standard status Active
Size 1,603 SF
Property subtype RETAIL

Spaces For Lease

at 116 E Fairfax St Contact us

Southgate Village Shoppes

Floor
1
Size
1,603 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, On Available Date
Sublease
No
- 1,524 SF 2nd-generation space - Inside the Beltway - Shadow-anchored by Aldi -...
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Listing Agency: Divaris Real Estate | Washington DC
Listed By: Erik Ulsaker · License #SP98377091
Source: Moodyscre
Added: Apr 10, 2025 Changed: Aug 8 Last Checked: Aug 24 at 12:51PM

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 Divaris Real Estate | Washington DC

Investment Insights

Based on property information with market context.

This 1,524 SF second-generation retail space is available for lease and offers an established commercial setup within a retail setting.

The property is located inside the Beltway in the City of Falls Church and is shadow-anchored by Aldi, positioning it within an existing grocery-anchored environment.

As a retail space designed for continued tenant use, it presents a straightforward opportunity for businesses seeking a 2nd-generation footprint in an established area.

Key Highlights

  • Second‑generation retail space totaling 1,524 SF
  • Located in the City of Falls Church
  • Shadow‑anchored by Aldi

Property Analytics

Current Use

Vida Ciclista (Bike/Boat/Book/etc) Store Hammer Down Ride ... Cycling Facility

Suggested Use

Top Pick Electrical Service Veterinary Clinic Garden Center (Bike/Boat/Book/etc) Store Locksmith Pet 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,679
Businesses Nearby
46k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 73% Shops & Services 26% Hotels & Casinos 1%
Aldi Groceries
31,965 visits/mo 0.4 miles
7-Eleven Shops & Services
7,524 visits/mo 0.4 miles
Enterprise Rent-A-Car Shops & Services
2,884 visits/mo 0.4 miles
Virginia ABC Groceries
1,173 visits/mo 0.3 miles
CubeSmart Self Storage Shops & Services
1,171 visits/mo 0.5 miles

Demographics for 22046, VA

18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
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?
Retail space - Second-generation retail space measuring 1,524 SF in the City of Falls Church, shadow-anchored by Aldi.
Where is this retail space located?
The property is located at 116 E Fairfax St Falls Church, VA.
What are key features of this property?
This property features: Second‑generation retail space totaling 1,524 SF; Located in the City of Falls Church; Shadow‑anchored by Aldi
(703) 861-0373 Call to check price and availability
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