PROMENADE AT MANASSAS - CBRE Marketplace
PROMENADE AT MANASSAS - CBRE Marketplace
PROMENADE AT MANASSAS - CBRE Marketplace
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Capital Markets | National Retail Investment Group<br />
:: INVESTMENT OFFERING<br />
<strong>PROMENADE</strong> <strong>AT</strong> <strong>MANASSAS</strong><br />
:: BALLS FORD ROAD AND MIRAMAR DRIVE<br />
<strong>MANASSAS</strong>, VIRGINIA 20109<br />
Property Highlights<br />
••<br />
Seasoned community shopping center strategically located at the<br />
intersection of I-66 and Sudley Road (Route 234), in the major<br />
retail corridor of Manassas.<br />
••<br />
Anchored by Home Depot, the world’s largest home improvement<br />
specialty retailer, HH Gregg and Ashley Furniture<br />
••<br />
Strong Home Depot sales history with an 11% increase in year to<br />
date sales from 2011<br />
••<br />
Outstanding line-up of national, regional and local destination<br />
tenants including Chuck E Cheese, Subway, Planet Fitness, <strong>AT</strong>&T<br />
and The Tile Shop<br />
••<br />
In-line trade area vacancy at an exceptional 2.5% in this infill<br />
retail market<br />
••<br />
Strong traffic counts of 50,000 vehicles daily passing the center<br />
along Sudley Road (VA Route 234)<br />
••<br />
Over 165,000 people with average household incomes over<br />
$108,000 live within five miles<br />
••<br />
Population within one mile is expected to grow 15.6% over the<br />
next five years<br />
••<br />
Exceptional daytime population of over 111,500 employees within<br />
a five-mile radius including the numerous office, industrial and<br />
flex parks immediately surrounding the property<br />
••<br />
Opportunity to add value by leasing the currently available 6,225<br />
square feet of specialty shop space in five in-line suites<br />
••<br />
Opportunity to increase cash flow as below market leases roll over<br />
Home Depot:<br />
Ashley Furniture:<br />
Total NRA:<br />
Promenade at Manassas<br />
Balls Ford Road and Miramar Drive<br />
Manassas, VA 20109<br />
107,400 SF<br />
32,144 SF<br />
265,442 SF<br />
Current Occupancy: 97.7%<br />
Estimated FYE May 2014 NOI: $3,159,946<br />
Completion Date/Renovation Date(s): 1992/1996/2011<br />
Zoning:<br />
Parking:<br />
Land Area :<br />
Average Traffic Counts<br />
Sudley Road (VA Route 234):<br />
B-1. General Business District<br />
780 spaces<br />
32.5± acres<br />
50,000 vehicles/day<br />
:: INVESTMENT OPPORTUNITY<br />
Capital Markets | National Retail Investment Group<br />
Atlanta :: Boston :: Charlotte :: Chicago :: Dallas :: Miami :: Newport Beach :: Washington, D.C.
Tokyo Grill<br />
®<br />
Available<br />
A-1 Laundromat<br />
Available<br />
TAM TV Barber Shop<br />
Available<br />
AR Snack Mart<br />
STREAM WALK LANE<br />
MIRAMAR DRIVE<br />
Once Upon A Child<br />
<strong>AT</strong>&T<br />
Available<br />
Pizzarama<br />
Available<br />
CJ Haircuts<br />
Dollar and Gift<br />
ProLine Manassas Beauty<br />
Sign Art<br />
China Palace II<br />
STORM W<strong>AT</strong>ER<br />
MANAGEMENT<br />
BALLSFORD ROAD<br />
West Virginia<br />
Gaithersburg<br />
Olney<br />
Ashton<br />
. Miles<br />
KM<br />
For more information, please contact:<br />
:: R. William Kent<br />
Executive Vice President<br />
202.585.5592<br />
bill.kent@cbre.com<br />
:: Gary S. Lawrence<br />
Executive Vice President<br />
202.585.5533<br />
gary.lawrence@cbre.com<br />
:: <strong>CBRE</strong><br />
750 9th Street, NW<br />
Suite 900<br />
Washington, DC 20001<br />
202.783.8200<br />
Warrenton<br />
Gainesville<br />
Leesburg<br />
Linton Hall<br />
Manassas National<br />
Battle Park<br />
Nokesville<br />
<br />
<br />
Centreville<br />
Manassas<br />
DULLES INT'L<br />
Maryland<br />
Virginia<br />
Promenade at Manassas<br />
Herndon<br />
Reston<br />
Dale City<br />
Montclair<br />
Great Falls<br />
Oakton<br />
Lake Ridge<br />
North Potomac<br />
Travilah<br />
Potomac River<br />
Vienna<br />
Burke<br />
Lorton<br />
Woodbridge<br />
Potomac<br />
McLean<br />
Jefferson<br />
Annandale<br />
Springfield<br />
Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac Potomac River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River River<br />
Rockville<br />
Bethesda<br />
Franconia<br />
Arlington<br />
Aspen Hill<br />
Wheaton-<br />
Glenmont<br />
Washington<br />
Alexandria<br />
© 2013 <strong>CBRE</strong>, Inc. <strong>CBRE</strong> statistics contained herein may represent a different data set than that used to generate National Prince Vacancy William<br />
and Availability Index statistics published by <strong>CBRE</strong>’s Corporate Communications<br />
Nat Forest Park<br />
Department or <strong>CBRE</strong>’s research and econometric forecasting unit, <strong>CBRE</strong>—Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not<br />
verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for<br />
example only and do not represent the current or future performance of the market. This information is designed exclusively for use by <strong>CBRE</strong> clients, and cannot be reproduced without prior written permission of <strong>CBRE</strong>.<br />
<strong>CBRE</strong> and the <strong>CBRE</strong> logo are service marks of <strong>CBRE</strong>, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective<br />
owners.<br />
Capital Markets | National Retail Investment Group<br />
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