Anchored Shopping
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7499-7567 Somerset Crossing Drive, Gainesville, VA 20155
Fully occupied retail center with fitness, restaurant, and service-oriented tenants in a suburban Washington, DC market.
Property Size104,959 SF
Days on Market144
Property Features for 7499-7567 Somerset Crossing Drive
General Information
Standard status
Active
Size
104,959 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Anchor Co-Tenants
Urban Air Entertainment
Building Details
Tenancy
Multi
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #IL - 478027307
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:18AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
Somerset Crossing is a 104,959-square-foot shopping center occupied by a combination of fitness, restaurant, and service retail tenants. Urban Air serves as the anchor and is expected to execute a 10-year Triple Net Lease at close of escrow. Current occupancy is 100%.
The property is located at 7499-7567 Somerset Crossing Drive in Gainesville, Virginia, within the Washington, DC MSA and approximately 30 miles west of Washington, DC. Gainesville is positioned near major employment centers including Tysons Corner, Reston, and Fairfax. The population within a 3-mile radius quadrupled over the past twenty years, with 10% population growth expected between 2021 and 2026.
The property is located at 7499-7567 Somerset Crossing Drive in Gainesville, Virginia, within the Washington, DC MSA and approximately 30 miles west of Washington, DC. Gainesville is positioned near major employment centers including Tysons Corner, Reston, and Fairfax. The population within a 3-mile radius quadrupled over the past twenty years, with 10% population growth expected between 2021 and 2026.
Key Highlights
- 104,959‑square‑foot shopping center at 7499‑7567 Somerset Crossing Drive
- 100% current occupancy
- Urban Air anchor expected to sign a 10‑year Triple Net Lease at close of escrow
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 14%
Home Improvements & Furnishings 2%
Wawa
Shops & Services
52,021 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,867 visits/mo
0.2 miles
7-Eleven
Shops & Services
18,562 visits/mo
0.4 miles
Roy Rogers
Dining
9,119 visits/mo
0.3 miles
Exxon
Shops & Services
8,127 visits/mo
0.2 miles
Demographics for 20155, VA
37,218
Population
12,833
Households
2.9
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
1,460
Density / Sq Mi
$154,531
Median Household Income
$71,853
Median Earnings
$2,648
Median Rent
$630,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with fitness, restaurant, and service-oriented tenants in a suburban Washington, DC market.
Where is this shopping center located?
The property is located at 7499-7567 Somerset Crossing Drive Gainesville, VA.
What are key features of this property?
This property features: 104,959‑square‑foot shopping center at 7499‑7567 Somerset Crossing Drive; 100% current occupancy; Urban Air anchor expected to sign a 10‑year Triple Net Lease at close of escrow
