44795 Dulles Overlook Dr Ashburn, VA 20147

Property Details for 44795 Dulles Overlook Dr

Lot size

2.96 lot acres

Property size

13,316 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 13,316 square foot, multi-tenant retail center in Ashburn, Virginia, presents a compelling investment opportunity. Located at 44795 Dulles Overlook Dr, 20147, this 100% occupied property boasts a diverse tenant mix including Dunkin', Five Guys, Big Screen Store, Club Champion, and Ashburn Kabob. The property features a 5.75% cap rate and a substantial NOI of $599,445, with scheduled rent bumps providing a hedge against inflation. Each lease includes two five-year options to extend, showcasing tenant commitment. Built in 2022, the center features high-quality construction and finishes. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities to roof and structure maintenance, while tenants cover CAM, taxes, and insurance. Situated on a 2.96-acre lot, the center enjoys a prime location directly off Leesburg Pike (134,000 vehicles per day), across from the thriving One Loudoun mixed-use development, and less than 3.5 miles from Dulles Town Center. The strong demographics of the 5-mile trade area, including an average household income of $182,697 and proximity to Washington, D.C. (32 miles), further enhance the investment potential. This fee-simple ownership (land and building) offers a management-free investment ideal for passive investors. The asking price is $10,425,000, representing a price per square foot of $782.89.

Location Insight

City

Ashburn

County

Loudoun

State

Virginia

Longitude

-77.4513

Latitude

39.052