7846-7868 Richmond Highway, Alexandria, VA 22306

The Property is comprised of a one-story building comprising 25,496 square feet and a mix of mostly local tenants. They include a Subway sub shop on the street side of the building and some small food establishments, retail tenants, a hair salon, and our biggest new tenant, Sunset Banquet Hall opened mid 2024 and occupies 34% of the center. Sitting on almost three acres, there is parking for close to 200 vehicles on site. The large parking lot allows the potential for additional revenue by way of pop-up businesses or potentially another small building in the rear of the property.

The Property is located in Alexandria, Virginia, in an up-and-coming stretch of Route 1. With some new car dealerships and North Hill Development (216 Apartments, 63 Senior apartments, 175 townhomes) just north of this property, the area is improving. It is a nice stretch of retail with numerous big box stores are within a half mile, including Walmart right next door, Costco, Home Depot, Ross, TJ Maxx, PetSmart, Staples, and Five Below, just to name a few. The Property is convenient to major highways including I-95 and the Capital Beltway (Maryland Route 495) and is therefore convenient to most of Northern Virginia's suburbs and PG County, Maryland. These roads offer easy access to downtown Washington, DC, and short 8.8-mile, 25-minute drive to Reagan National Airport.