The Compass Creek Portfolio - Leesburg, VA
Retail | 25,830 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to market for sale the Compass Creek Portfolio – a six-asset retail portfolio consisting of two strip-centers and four freestanding pads. Located in Leesburg, Virginia, Compass Creek offers investors the opportunity to acquire a fully leased, new construction retail asset with a complementary mix of both national and strong regional tenancy.
The 25,830 SF portfolio consists of four freestanding pads home to Valvoline, Popeye’s, Chipotle, and Starbucks. Additionally, the portfolio features a 15,805 SF strip center (across two buildings) home to national tenants AT&T, Heartland Dental, and regional tenants such as Buffalo Wing Factory, Mezeh Mediterranean Grill, Virginia ABC, and Bruster’s Ice Cream. The portfolio features attractive rents and a WALT Remaining of approximately 8 years, providing investors with a strong and durable cash flow.
Compass Creek is a 200-acre mixed use development situated in the heart of Loudoun County, and features a variety of retail, dining, entertainment and recreation uses. The development is home to The Rinks at Compass Creek, one of the largest skating and events arenas in the Mid-Atlantic with over 5,500+ grand-stand stadium seats. Compass Creek is also home to notable national retailers Walmart and At Home. Additionally, a new Hyperscale Data Center Campus and 111-room Residence Inn by Marriot are both in development.
The Compass Creek portfolio is being offered for sale without a formal asking price, free and clear of existing debt. Investors will have the opportunity to acquire any of the freestanding pads or strip center buildings on a standalone basis or acquire the Portfolio entirely. A formal Call for Offers date will be established during the marketing process.
Investment highlights
NEW CONSTRUCTION STRIP CENTER & PADS - The 25,830 SF Portfolio consists of four freestanding pads and a 15,805 SF strip center (across two buildings). These newly constructed assets minimize capital expense exposure for investors
100% OCCUPIED WITH ATTRACTIVE TENANCY - Fully leased to a complementary mix of both strong regional & national tenants such as Heartland Dental, AT&T, Starbucks, Chipotle, Valvoline, and Popeyes
LONG-TERM LEASES - The portfolio has a combined WALT Remaining of approximately 8 years with favorable rent escalations and extension options, ensuring steady income growth
COMPASS CREEK - The Shops at Compass Creek are located at the core of Compass Creek, a 200-acre mixed-use development in Loudoun County anchored by Walmart, At Home, and The Rinks at Compass Creek (two sheets of ice and 5,500+ seats). The area is further bolstered by Microsoft’s 4-building data center and Stack Infrastructure’s 2-building data center
PRIME LOCATION & FAVORABLE DEMOGRAPHICS - Situated along Dulles Greenway (Route 267) that sees over 30,000 vehicles per day. Within a three and five-mile radius, Leesburg features 52,475 People earning $183,090, and 114,844 People earning $212,330, respectively
STRONG TENANT SYNERGY - Tenant mix enhances consumer draw to the trade area, promoting crossover shopping and boosting site performance
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