Olde Ashburn Center

KLNB Retail Capital Markets is pleased to present for sale the condominium interest in Olde Ashburn Center, a 20,008 SF retail under office building in Ashburn, Virginia.​ Constructed in 2009, the building is 100% occupied by a service-oriented retail tenant mix and a consumer facing roster of office tenants.​ The asset is comprised of 10,693 SF of ground floor retail, anchored by The Wine’ing Butcher, an artisanal butcher, wine shop, and café with 12+ years of tenure and healthy term remaining through September 2032.​ The 2nd floor office, totaling 9,315 SF, consists of seven tenants including VIP Dental, Ashburn Natural Wellness, and The Music Loft, among others.​ Current ownership is offering for sale a 92.29% interest in the condominium, with only one space separately owned, Ashburn Divine Dental on the 2nd floor.​

Long Term Ground Floor Retail Anchors

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  Anchoring the center and serving as a major neighborhood traffic driver, The Wine’ing Butcher has been in occupancy since 2012 and recently extended 10-years through 2032. The store occupies four storefronts, totaling 4,174 SF and functions as a butcher and wine shop, restaurant, and catering business

Medical & Client Facing Office Base

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  Equipped with an elevator, allowing for easy access to the 2nd level, the office portion of the building is fully leased to a roster of service oriented, small format office tenants

Top Caliber Demographics in Loudoun County

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  Ashburn is a dense submarket with sustained population growth: 95,757 residents within a 3-mile radius and projected growth rate of 1.61% per annum through 2029

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  In the same radius, the consumer base is notably affluent with $208,135 average household income, approximately 178% greater than the nationwide average

Resiliency Through the COVID-19 Pandemic

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  Weighted average occupancy of 9+ years, demonstrating the stickiness of tenancy in the tight Ashburn submarket

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  70%+ of the GLA took occupancy prior to 2018 and there has been no new vacancy at the center since 2022, proving the solid real estate fundamentals and healthy rebound post pandemic