1509-1517 Mount Vernon Ave
Alexandria, VA 22301
DC Metro 20 Year NNN Fee Simple Walgreens · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this Trophy Net Leased Fee Simple Walgreens located in Alexandria, Virginia. The subject property consists of a 14,820 square foot retail space with ample parking on a .75-acre parcel of land. Strategically located in the heart of the Washington D.C Metro, the property benefits from an array of demographical advantages: affluent neighborhoods, tourism, a strong professional workforce, a multitude of Federal Government agencies, Military Bases, and several major companies headquartered in the nearby trade area such as Lockheed Martin, General Dynamics, Hilton Worldwide, and Marriott International. Just a quick five minute drive from Ronald Reagan Washington National Airport and within close proximity of both D.C Metro Rail and DC Metro Bus, this Walgreens serves countless commuters, travelers, and full time residents. It’s also located near the Pentagon, a short drive from Downtown Washington D.C, and just minutes from several restaurants, boutiques, and historic museums. There are over 527,823 full time residents in the immediate area, with an average household income of over $139,000 annually. The property provides excellent visibility and sits on the hard-signalized corner of Mount Vernon Avenue and East Monroe Avenue with traffic counts exceeding 13,000 daily. Walgreens signed a 25 year Absolute NNN Lease with zero landlord responsibility and has over 20 years remaining on the initial term. A complete renovation of the historic building was required, proving exceptionally high barrier to entry and Walgreen’s commitment to the site. This is a rare opportunity for an investor to acquire a fee-simple Walgreens in the DC Metro, as most stores in this region tend to be ground leases. BROKER OF RECORD: BRYN MERREY M&M REIS OF NORTH CAROLINA, INC. 7200 WISCONSIN AVENUE, SUITE 1101 BETHESDA, MD 20814 TEL 202-536-3700 LICENSE: 0225215804