1300-1310 King Street
Alexandria, VA 22314
The Offering
Summary
- List Price $4,600,000
- Year-1 Cap Rate 6.71%
- Ownership Year-1 Net Operating income $308,505.98
- Year Built 2023
- Gross Leasable Area 5,886 SF
- Product Type Retail Condominiums
- Occupancy 100%
- Zoning KR
- Number of Retail Condominiums 4
- Number of Tenants 4
- Street Frontage - King Street 120'06"
- Street Frontage - S Payne Street 64'00"
Investment Summary
Feldman Ruel is pleased to offer for sale 1300-1310 King Street, a portfolio of four fully-leased, new-construction retail condominiums located just four blocks from the King Street/Old Town Metro station in Old Town Alexandria. The subject property is home to nationally and regionally recognized tenants such as Framebridge and Call Your Mother Deli, as well as local standouts, Nothing in Between and Pippin Toy Co. All tenants have executed ten-year leases providing a new owner with long-term, stable, and growing income.
Investment Highlights
• Four Fully-Leased Contiguous Retail Condominium Units Completed in 2023
• No Landlord Responsibilities | Ideal for a Passive Investor or 1031-Exchange Buye
• Diverse Tenant Base | All New NNN Leases with 10-Year Base Terms + Option Periods
• Situated at Street Level of a Recently Completed Mixed-Use Project in Old Town
• Call Your Mother and Nothing in Between Leases Include Percentage Rent Upside
• Close Proximity to Metro | Located Four Blocks from the King Street Metro Station
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