Signalized Corner Strip
For Sale
Contact for pricing
8108 Old Dominion Drive, Mc Lean, VA 22102
Fully occupied strip center with net-leased convenience and retail tenants at a hard corner intersection.
Property Size4,180 SF
Price / SF$631.58
Days on Market52
Property Features for 8108 Old Dominion Drive
General Information
Standard status
Active
Size
4,180 SF
Property subtype
Retail
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Jereme Snyder · License #CA 01360233
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 1:17PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This fully occupied strip center comprises a masonry building totaling 4,180 SF. The tenancy is supported by three established businesses operating under net leases, which can leave limited landlord responsibilities for an owner seeking a more passive structure.
The property is positioned on the hard corner of a signalized intersection at Old Dominion Drive and Spring Hill Road. The location is described as seeing over 16,800 vehicles per day, placing the center in view of high-volume traffic within the Washington–Arlington–Alexandria MSA.
Current tenants include a 7-Eleven and two additional concepts: Sweet Stuff and Smoke Haven. 7-Eleven has operated at the location since 1964, while Sweet Stuff has served the McLean community for 32 years. Smoke Haven is the newest tenant, with nearly 4 years remaining in the primary term, and the lease is noted to include a CPI rent adjustment tied to the commencement of its option period. Both 7-Eleven and Sweet Stuff leases include negotiable rent increases during their respective option periods, offering future review points for lease renewals.
The property is positioned on the hard corner of a signalized intersection at Old Dominion Drive and Spring Hill Road. The location is described as seeing over 16,800 vehicles per day, placing the center in view of high-volume traffic within the Washington–Arlington–Alexandria MSA.
Current tenants include a 7-Eleven and two additional concepts: Sweet Stuff and Smoke Haven. 7-Eleven has operated at the location since 1964, while Sweet Stuff has served the McLean community for 32 years. Smoke Haven is the newest tenant, with nearly 4 years remaining in the primary term, and the lease is noted to include a CPI rent adjustment tied to the commencement of its option period. Both 7-Eleven and Sweet Stuff leases include negotiable rent increases during their respective option periods, offering future review points for lease renewals.
Key Highlights
- Fully occupied 4,180 SF strip center in the Washington‑Arlington‑Alexandria MSA with net lease tenants.
- Tenants include 7‑Eleven, Sweet Stuff, and Smoke Haven (Smoke & Vape Shop).
- 7‑Eleven has operated at this location since 1964 and is investment‑grade rated 'A' by S&P.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.5k | $40.56 |
| − Vacancy | −$5.8k | −$1.38 |
| EGI | $163.8k | $39.18 |
| − OpEx | −$49.1k | −$11.75 |
| NOI | $114.6k | $27.43 |
4,180 SF · lease $40.56/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$17.52M
$15.33M – $20.44M
NOI $1,226,506 @ 7.0% cap · market cap 46.46%
Second Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,643 @ 7.0% cap · market cap 4.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
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?
Strip mall - Fully occupied strip center with net-leased convenience and retail tenants at a hard corner intersection.
Where is this strip mall located?
The property is located at 8108 Old Dominion Drive Mc Lean, VA.
What is the asking price?
The asking price for this property is $2,640,000.
What are key features of this property?
This property features: Fully occupied 4,180 SF strip center in the Washington‑Arlington‑Alexandria MSA with net lease tenants.; Tenants include 7‑Eleven, Sweet Stuff, and Smoke Haven (Smoke & Vape Shop).; 7‑Eleven has operated at this location since 1964 and is investment‑grade rated 'A' by S&P.
