RESTON RETAIL AT MIDTOWN Fairfax County 11990 Market Street Reston, VA SPACE AVAILABLE 1,152 sq. ft. GROSS LEASABLE AREA 18,473 sq. ft. PROPERTY OVERVIEW Reston Retail at Midtown is strategically located in the heart of Reston Town Center, featuring a diverse mix of specialty and destination tenants that create customer draw throughout the days, evenings and weekends. RETAILERS INCLUDE Il Fornaio BB&T Subway Midtown Kabob Midtown Jewelers DEMOGRAPHICS RADIUS HH INCOME POPULATION 1 mile: $133,102 13,273 3 mile: $145,438 127,956 5 mile: $159,689 221,988 TRAFFIC COUNT 24,000 vehicles daily on Reston Parkway at Market Street CONTACT John Mitchell 301.657.7336 jmitchell@jbg.com Laura Lilley 301.657.7346 llilley@jbg.com 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE, MD 20815 240.333.3600 JBG.COM
SITE PLAN Freedom Drive Service Entrance St. Francis Street Residential 1 2 3 4 5 6 7 Explorer Street Condo Entrance Market Street 1 Il Fornaio 8,050 sf 2 Rooster s (coming soon) 1,389 sf 3 Subway 1,453 sf 4 Coming Available 1,152 sf 5 Midtown Jewelers 917 sf 6 BB&T 3,668 sf 7 Midtown Kabob 1,844 sf
AERIAL VIEW AERIALS The Retail at Midtown DULLES TOLL ROAD 105,000 VPD RESTON PARKWAY 24,000 VPD NEW DOMINION PARKWAY FREEDOM DRIVE EXPLORER STREET SUNSET HILLS ROAD BLUEMONT WAY MARKET STREET 8 N ST. FRANCIS STREET TOWN CENTER PARKWAY
MAP Starboard Dr BARON CAMERON AVE 606 Buchannan Dr ashington ashington ashington ashington ashington ashington shington and and and and and and and and and Old Old Old Old Old Old Old Old Old Dominion Dominion Dominion Dominion Dominion Dominion Dominion Dominion Dominion Trl Trl Trl Trl Trl Trl Trl Trl Trl SPRING ST ST HERNDON HERNDON HERNDON HERNDON HERNDON HERNDON HERNDON HERNDON HERNDON PKWY PKWY PKWY PKWY PKWY PKWY Carlisle Dr Carlisle Carlisle Carlisle Carlisle Carlisle Carlisle Carlisle Carlisle Carlisle Dr FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY PKWY PKWY PKWY PKWY PKWY PKWY PKWY PKWY PKWY 7100 Town Center Dr Reston Hospital Midtown The Retail at Reston Town at Center Midtown Condominium Town Town Town Town Town Town Town Town Town Center Center Center Center Center Center Center Center Center Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Bowman Towne Dr New Dominion Pkwy Fountain Fountain Fountain Fountain Fountain Fountain Fountain Fountain Fountain Dr RESTON PKWY 602 Wainwright Wainwright Wainwright Wainwright Wainwright Wainwright Wainwright Wainwright Wainwright Dr Dr Dr Dr Dr Dr Dr Dr Dr N Shore ShoreShor 8 Freedom Dr N Sh Sh Sh Sunset Sunset Sunset Sunset Sunset Sunset Sunset Sunset Sunset Park Park Park Park Park Park Park Park Park Dr FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX FAIRFAX COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY COUNTY PKWY PKWY PKWY PKWY PKWY PKWY PKWY PKWY PKWY SUNSET SUNSET SUNSET SUNSET SUNSET SUNSET SUNSET SUNSET SUNSET HILLS HILLS HILLS HILLS HILLS HILLS HILLS HILLS HILLS RD RD RD RD RD RD RD RD RD Town Town Town Town Town Town Town Town Town Center Center Center Center Center Center Center Center Center Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy Pkwy St Francis St Explorer St Bluemont Dr Library St Market St RESTON PKWY Old Old Old Old Old Old Old Old Old Reston Reston Reston Reston Reston Reston Reston Reston Reston Ave Ave Ave Ave Ave Ave Ave Ave Ave Sallie Mae Washington Washington and and and Old Old Old Dominion Dominion T SUNSET SUNSET SUNSET HILLS HILLS HILLS RD RD RD 602 SUNSET SUNSET HILLS HILLS RD RD RD 267 7100
han luxury residential development Located directly above and adjacent to The Retail at Midtown is the Midtown RETAIL AT MIDTOWN Reston Town Center residential development, consisting of two towers and one mid-rise building. This ultra-luxury development consists of 293 units of one, two and three-bedroom condominiums. Each unit boasts designer finishes including hardwood floors, granite countertops, floor-to-ceiling windows and high ceilings ranging from 11 to 13 feet. Each unit owner can also choose from a number of luxurious upgrades including electronic lighting, stereo and Number of homes in Reston, VA will more than controls to lighting options to Viking, Subzero and Miele appliances. triple by security 2050 These high-rise condominiums have led an an influx of young professionals, The population within a one-mile radius is expected to to grow additional 11% GALLERY over the next five years. Of the over 126,100 people who live within a threecreating a city-like downtown atmosphere to Reston Town Center. THE RETAIL AT MIDTOWN mile radius of The Retail at Midtown, an additional 5.9% growth is expected over the next five years. This affluent population earns an average household income of $140,155, which reflects the strong and growing spending power expected to continue well into the future. Strategically positioned approximately one-half mile from The Retail at Midtown will be the highly anticipated Reston Town Center stop on the Washington Metro s Silver Line, anticipated to commence operations in 2018. The combination of the Reston area residential development and the Reston Town Center stop is instrumental in transforming this location into a transit oriented urban village hub of residential, commercial and retail activity. The combination of shopping, and improved transportation options will afford the potential lenders EXECUTIVE SUMMARY and investors the opportunity to own or invest in a property with unparalleled location and regional accessibility where residents can live, work and play. CBRE is pleased to present the opportunity to purchase The Retail at Midtown, Please visit our website at Unique Specialty Destination Tenant Mix an 18,473 square foot retail condominium located on the street level of the The Retail at Midtown features a diverse mix of specialty and destination tenants Except Midtown Reston Town Center luxury residential condominium development. that create customer draw throughout the days, evenings and weekends.the TheRetai ional 11% The Retail at Midtown is strategically located in the heart of Reston Town Center property is anchored by the 8,050 square foot Il Fornaio, an upscale Italian n a three- in one of the fastest growing, most affluent urban neighborhoods of Fairfax restaurant and bakery that features changing regional menus and authentic County, Virginia and the Washington DC Metropolitan Area. Italian cuisine. With 21 locations nationwide, Il Fornaio has been featured in www.cbre.com/igdcretail s expected mix, in a as the un at Midtow The New Yorker, Wine Spectator, Wall Street Journal, USA Today, and Shopping household This is an exceptional investment opportunity that features a unique and attractive ing power combination of specialty destination retailers, setting the property apart in the at Midtown Centers Today, among other notable publications. benefit fro atmosphe marketplace. The Retail at Midtown offers a highly predictable income stream, Complementing this outstanding destination restaurant are a number of long-term value appreciation and growth in a highly dense and affluent in-fill specialty tenants. IceBerry is a dessert and frozen yogurt shop that captures In additio urban village trade area. the latest trend of healthy yogurt desserts with a cool and sophisticated twist, opportun offering such favorites as green tea and available on Metro s honeydew melon flavors. In 2011 Midtown mbination Kabob joined this superior tenant lineup enter stop with a 1,844 square foot charcoal kabob 4 ed urban restaurant offering the choicest Halal meats bination of and grilled to order platters accompanied ial lenders by fresh baked Tandoori breads. The newest addition to the property is Subway which paralleled opened its doors to patrons in December d play. 2012. Rounding out the tenant lineup at Exceptional Investment Opportunity The Retail at Midtown offers investors a first class asset with a specialty tenant mix, in an ideal position to capture the growing demand for retail, as well as the unprecedented population growth expected in Reston, VA. The Retail at Midtown s strategic location within Reston Town Center is ideal as tenant s benefit from the increased foot traffic as a result of the urban village town center The Retail at Midtown is a 3,668 square foot BB&T Bank and the 917 square foot Midtown Jewelers. There is one remaining available space at the property totaling 1,389 square feet, which provides additional upside for the successful bidder. atmosphere it provides. 2 In addition to the security provided by the strong tenant line up, there is an opportunity to increase cash flow and add value by leasing the currently Reston Town Center: a downtown for the 21 st century available 1,389 square feet in one in-line space. etail at Midtown is the Midtown Reston Town Center was developed in phases completed from 1988 through onsisting of two towers and one 2009 to become an equally desirable location for both businesses and residences