Alexandria, VA - State & Liberty

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, State and Liberty investment property located in Alexandria, Virginia. The tenant, State and Liberty recently signed a brand new 10 year lease with 1 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, minimal management investment opportunity for a passive investor.

The asset is centrally located in Old Town Alexandria, a dynamic retail corridor that blends a variety of business and residential uses while preserving the area’s historic character. Positioned at the intersection of King Street and North Washington Street, Old Town’s busiest crossroads, the property benefits from exceptional visibility and access. The trade area is anchored by a dense mix of national and credit retailers, including Whole Foods, Trader Joe’s, Harris Teeter, LuluLemon, Anthropologie, Athleta, Warby Parker, Chipotle, la Madeleine, and Chase Bank. In addition, steady tourism driven by the waterfront, year-round festivals, and a strong hospitality sector generates reliable consumer traffic. The walkable urban design further enhances activity, drawing consistent foot traffic from nearby hotels and conference venues and creating added exposure through crossover shopping. The subject property is located less than a mile from Interstate 495, which sees over 236,700 vehicles pass by daily. The immediate trade area is supported by an extremely dense population of over 468,000 residents and 206,800 employees with an affluent average household income of $197,800 within 1 mile.