5275 Waterway Dr, Montclair, VA 22025 For Sale

Tenured Food Lion with Dollar Tree & Burger King Outparcel

The center includes a Food Lion (Ahold Delhaize BBB+ credit) with ~28 years of operating history and a 2.61% health ratio, as well as a Dollar Tree with foot traffic ranking in the 70th percentile nationally among the chain. Additionally, a Burger King outparcel sits along the center’s main drive.

NOI Growth

Lake Montclair has a strong 10-year NOI CAGR of 3.10%, which is primarily driven by 11 out of 19 shop tenants, with a weighted average in-place rent of $30.43 PSF, expiring without renewal options.

Dense, High-Income Demographics

The center benefits from an affluent and dense surrounding population with 3 and 5-mile populations of $74K and $186K, respectively. Average household incomes within 1 mile of the center are over $200K.

D.C. MSA, I-95 Proximity & MCB Quantico

Located just 3 miles off I-95 (170k VPD) and 40 minutes south of Washington, D.C., Lake Montclair benefits from high traffic exposure and its positioning in the nation’s 5th highest GDP-producing MSA. The center also sits at the edge of Prince William National Park and 86-square mile Marine Corps Base (MCB) Quantico, which has a massive $7B economic impact in Prince William County and supports the county’s 170+ defense contractors. Known as the “Crossroads of the Corps, MCB Quantico was founded in 1917 and is where all Marine officers begin their careers and training. The base also hosts the FBI Academy, the principal training facility for the DEA, and the U.S. Army Criminal Investigation Division.