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
    The Offering Memorandum for this property is no longer available.


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

    Share Property


    • 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


    6001 Kingstowne Village Parkway
    Alexandria, VA

    Leigh ClineAldi & La-Z-Boy