Trophy neighborhood shopping center located in Washington, DC Metro’s most affluent neighborhood – Spring Valley.
- 97.2% leased luxury retail center with 6+ years of weighted average lease terms remaining
- Anchored by high-end international furniture and home decor retail store Crate & Barrel as their only location in DC proper
- Crate & Barrel’s current rent is approximately 40% below market, providing significant mark-to-market opportunity
- Anchor restaurant Millie’s consistently achieves one of the highest sales per SF in the DC metro area
- Vacant ~2,500 SF storage space presenting opportunity for conversion into in-demand fitness/yoga studio
- High demand buoyed by 2.8 square feet of retail space per capita within 1.5 miles, 9 times below the national average
- Ideal demographics featuring $250K+ average HHI, $2.2M+ average home price, and 90% college degree
