Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1995
Building Area Net
Land Area Net ()
Occupancy 86.0 %

Property description

JLL Capital Markets is pleased to offer for sale Plaza America, a Whole Foods anchored shopping center in Reston, Virginia (Washington, D.C. MSA). The 164,232 square foot asset features a well-curated mix of national and credit tenants including Total Wine, CVS, Michaels, Starbucks and Macedon, a industry leading technology company. Located directly on the Dulles Toll Road (107,700 VPD), Plaza America is ideally-situated in the heart of Reston – the East Coast’s most exciting information technology job market and the epicenter of the cloud computing revolution. 


Built in 1995, Plaza America has become the “go-to” surface-parked shopping center in the Reston community. Average tenant tenure across the Property stands at 15 years — demonstrating the asset’s prime position in a tight retail submarket — while weighted-average remaining lease term of 6 years provides stable near-term cash flow. Additionally, the Property’s long-term development potential on its 12.7 acres provide a variety of business plans and exit strategies in a vertically growing Reston commercial market.


Investment highlights

 Northern Virginia's premier open-air shopping center anchored by Whole Foods Market


• Tremendous upside through lease up of existing vacancy and multiple mark-to-market opportunities amongst select tenants


• Flagship real estate in a growing submarket - 1.6M+ SF of office space under construction, 784K SF of office space absorbed YTD 2022 and 2,500+ apartments in the pipeline or delivered since 2021


• Institutional quality demographics - over 108,000 people live within 3-miles generating nearly $174,000 in household income and a daytime population of over 130,000 people


​​​​​​​Transit oriented location on Dulles Toll Road and walking distance to Wiehle-Reston East Metro Station and Reston Town Center Metro Station (opening this Summer)


Long-Term Development Potential

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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