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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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

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6001 Kingstowne Village Parkway
Alexandria, VA

Leigh ClineAldi & La-Z-Boy