Multi-Tenant Retail Investment | Leesburg, VA

Downtown Leesburg, Virginia, and the broader Loudoun County present a compelling landscape for development, characterized by robust economic growth, a rapidly expanding population, and significant affluence. Economic Growth and Affluence Loudoun County's economy has experienced substantial growth, with its Gross Domestic Product (GDP) reaching $38 billion in 2022, marking a 13% increase from 2018. This economic expansion is complemented by a median household income of $170,463 as of 2022, reflecting an 8.7% rise from the previous year. Such figures underscore the county's status as one of the most affluent regions in the United States. Population Growth The population of Loudoun County has been steadily increasing, reaching approximately 420,773 residents in 2022, a 1.74% growth from 2021. Similarly, Leesburg's population has expanded, with estimates indicating a rise to 49,622 in 2024, reflecting a 2.56% increase since the 2020 census. This population surge fuels demand for residential, commercial, and retail developments, presenting ample opportunities for investors and businesses. Educational Attainment The region boasts a highly educated populace, with 56.1% of Leesburg residents aged 25 and over holding a bachelor's degree or higher. This educated workforce enhances the area's appeal to businesses seeking skilled professionals.Stabilized multi-tenant retail investment in the heart of downtown Leesburg with significant mark-to-market upside. The 11,466 SF property sits on a 0.55-acre corner at Church and South Streets, fully leased to 10 tenants generating $286,765 in gross income and $218,043 in NOI. Multiple in-place leases are materially below current downtown market rates, with an estimated $55,000–$90,000 of annual rent growth achievable through routine re-leasing as leases roll over the next 12 to 24 months. Diverse tenancy includes retail, office, residential, and creative-use users.