Fairfax, VA - Fairfax Boulevard Crossing

Description:

• The offering features a strong food and service-based tenant lineup of Nail Spa, Club Champion, and Moby Dick
• All current tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
• Nail Spa’s rent increased 2.5% in February 2025 and all tenants feature rental increases at the beginning of their option periods
• Moby Dick recently exercised their 1st five-year option to extend.

• Strategically located along Fairfax Boulevard with clear visibility and access to an average of 31,000 vehicles passing by daily
• The asset also benefits from nearby access to major commuter highways and Interstate 66 which averages 157,000 vehicles per day
• The subject is near several major shopping centers including Point50 (63K+ SF), Pan Am (219K+ SF), Fair City Mall (505K+ SF), and others
• The surrounding tenants include Safeway, Amazon Fresh, The Home Depot, Chick-fil-A, Ashley Furniture, Giant, and others
• The strong tenant presence drives a loyal, local consumer base to the area, promoting crossover exposure and contributing to the local economy
• Near numerous single-family communities and multi-family complexes, providing a direct residential consumer base
• The surrounding multi-family complexes include Fairfax Village (179 units), N29 (260 units), Oakton Park (418 units), and others
• More than 302,300 residents and 212,600 employees support the 5-mile trade area
• Residents within 1-, 3-, and 5-miles of the site boast an affluent average household income of $164,106, $218,098, and $214,504, respectively