Property Details

Aldi & La-Z-Boy

Alexandria, VA
Property ID: 14820

Financial Summary

Asking Price $15,555,555
Cap Rate 4.50%
Net Operating Income (NOI) $700,371
Lease Type Ground Lease, NNN

Offering Memorandum

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Contact

Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
571.449.8234
Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725

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Highlights

  • La-Z-Boy has been a tenant in Kingstowne for 20 years
  • La-Z-Boy currently undergoing complete store renovations and is a corporately owned store
  • Aldi has 52,732 rentable square feet and La-Z-Boy has 20,102 rentable square feet
  • Potential development opportunity to convert the site to a multi-family residential project in the future if they desire

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

6001 Kingstowne Village Parkway
Alexandria, VA

Leigh ClineAldi & La-Z-Boy