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Kingstowne Towne Center 5900-5920 Kingstowne Towne Ctr 85,797 SF 100% Leased 4-Star Retail Building Alexandria, VA 22315 For Sale



INVESTMENT HIGHLIGHTS
- Second most visited shopping center in Virginia, visitations have increased by 47% since Q1 2020
- The only structured parking facility in the entire towne center with 494 lined spaces, maintained to the highest standards
- 100% leased to eight tenants supported by 6.21 years of weighted average lease term
- 600 KSF of surrounding Kingstowne retail draws an average of 8.8 visits per shopper annually, with 88–92% of all visits by repeat customers
EXECUTIVE SUMMARY
The Property is 100%-leased with over six years of remaining WALT, located in the heart of Kingstowne’s unique and walkable town center campus. The combination of two grocery anchors on the adjacent parcels with a captive office tenant community has been the driving force for the Property’s durable cash flow and sustained occupancy, which has remained nearly 100% leased for each of the past 10 years.
Including the square footage of the Property, there is more than 600,000 sf of grocery-anchored retail in the Kingstowne Towne Center in addition to two class A office towers. The Property serves as the entertainment hub for the entire Kingstowne PUD and office tenant community.
There are currently 646 class A multifamily units in the final phases of pre-development on the 4.66 acres of surface parking directly in front of the Property. This project will fully activate the western portion of the Towne Center, to the benefit of the Property’s next Owner, who will not incur any costs but will enjoy a fully revitalized pedestrian plaza as part of the developer's plan for the site.
PROPERTY FACTS Under Contract
AMENITIES
- Dedicated Turn Lane
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Bonefish Grill was founded on January 2000, in St. Petersburg, Florida by Tim Curci and Chris Parker. The brand focuses on polished casual dining with an emphasis on fresh seafood prepared over a wood-burning grill. Acquired by Bloomin’ Brands in 2001, Bonefish Grill operates as a subsidiary of the publicly traded parent company (NASDAQ: BLMN). Headquartered in Tampa, Florida, the chain has grown to over 150 locations across the United States, offering seasonal menus and signature items such as Bang Bang Shrimp®. Bonefish Grill has introduced initiatives like Social Hour and catering services to adapt to evolving dining trends. The company maintains a commitment to responsible sourcing and culinary innovation while leveraging Bloomin’ Brands’ resources for operational support and expansion.
BXP, Inc. (NYSE: BXP) is a publicly traded real estate investment trust (REIT) and one of the largest owners and developers of office properties in the United States. Headquartered in Boston, BXP operates a portfolio concentrated in six major U.S. markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. The company was founded in 1970 and has been publicly listed since 1997. As of March 31, 2025, BXP’s portfolio included 185 properties totaling 53.4 million square feet. This comprised 162 office properties, 14 retail properties, eight residential properties, and one hotel. Nine of these properties were under construction or redevelopment. Notable assets include 200 Clarendon Street and The Prudential Center in Boston, Salesforce Tower in San Francisco, and 767 Fifth Avenue in New York. Leasing activity during the first quarter of 2025 included 934,948 square feet of leases commenced, with a weighted average lease term of 64 months and a 2.17% increase in net rents. The in-service portfolio totaled over 50 million square feet, with Boston contributing the largest share of net operating income, followed by New York and San Francisco. BXP’s top 20 clients, including Salesforce, Google, Biogen, and Microsoft, accounted for a significant portion of annualized rental obligations and occupied over 23% of the portfolio’s square footage. The company continues to invest in development projects, land acquisitions, and joint ventures across its core markets.
Firehouse Subs® story has some serious meat to it. Growing up in a family that is both entrepreneurial and built on decades of fire and police service, it seems Chris Sorensen and Robin Sorensen were destined to start Firehouse Subs®. Of course they tried other things along the way to their American Dream – rock ’n’ roll, real estate, and even Christmas tree farming. But everything they experienced on their path led them to opening the first Firehouse Subs. People come back when they’re treated well and fed well. Turns out, people absolutely LOVE the same things as their Founders – the best meats, cheeses, and toppings they can find. Take our Hook & Ladder® Sub for example, with Virginia honey ham, smoked turkey breast, and melted Monterey Jack. People come back again and again because, unlike other sub places, they steam their meats and cheeses, releasing a rush of flavors, then stuff a serving that’s way over code on one of their toasted private-recipe sub rolls.
Moby Dick House of Kabob is a privately held regional fast-casual chain founded in 1989 by Iranian immigrant Mike Daryoush in Bethesda, Maryland. The brand is known for its authentic Persian kabobs, clay-baked pita, and Mediterranean-inspired menu. Headquartered in Hyattsville, Maryland, the chain expanded to around 31 locations across the Washington, DC, Maryland, and Virginia area as of August 2024. Under current CEO Ned Daryoush and COO Alex Momeni, the company has pursued strategic franchising and modernization while maintaining its commitment to quality and heritage-driven culinary traditions. It offers dine-in, take-out, catering, and delivery services, achieving consistent growth through multiple M&A and financing rounds. The business remains family-operated and privately held.
Noodles & Company opened its first restaurant in Denver, Colorado in 1995, offering noodle and pasta dishes with the goal of delivering fresh ingredients and flavors from around the world under one roof -from Pad Thai to Mac & Cheese. The brand was founded on the core principle that good food can be served quickly and conveniently in an inviting atmosphere without sacrificing quality, freshness or flavor, all at a value-oriented price point! Today, Noodles & Company delivers on that core principle across hundreds of restaurants and in dozens of states in the U.S. every bowl, every guest, every time.
Orangetheory is an all-in-one, dynamic blend of strength and cardio training that supercharges metabolism to burn more calories and build lean muscle. Their coaches guide people through science-backed workouts designed for all fitness levels. And with OTconnectTM, data is captured in real time to track progress and celebrate the wins. Unlike high-intensity training (HIIT), Orangetheory uses variable-intensity intervals that work for a much broader range of fitness levels. With expert guidance from a triple-certified coach and real-time data from OTconnectTM, it feels like a very personalized experience: People will quickly figure out what’s working for them — when to push and when to ease off to recover.
Regal, a subsidiary of the Cineworld Group, operates one of the largest and most geographically diverse theatre circuits in the United States, consisting of multiple screens in many theatres in many states along with the District of Columbia and Guam. They believe that the size, reach and quality of the company’s theatre circuit provides its patrons with a convenient and enjoyable moviegoing experience. They are committed to being “The Best Place to Watch a Movie!”
Founded in 2007, in Denver, CO, the first Smashburger opened with one single notion in mind; to serve a better burger and, in the process, helped create a new category. The every bite a better burger experience is known for their namesake smashing technique – smashing a fresh, never frozen, 100% Certified Angus Beef hand-packed ball of meat on a hot seasoned grill – delivering an elevated burger experience, where every bite is made to savor. Smashburger delivers a bold, memorable and relatable taste through their obsession with the culinary process of burger creation.
Each studio is a locally owned and operated franchise location. They offer 6 different class types from hot and powerful to slow and mindful. They also offer beginner classes and sculpt classes. Their teachers have been trained in the YogaSix methodology to provide a consistent but creative experience for each class type every time. They teach in a way that is easy for everyone to follow and understand. Their expert staff will help you find the right class to help you achieve your goals. YogaSix is a part of Xponential Fitness, a leading global franchisor of health and wellness brands across a variety of verticals, including pilates, barre, cycling, dance, yoga, boxing, strength training, stretching, and metabolic health.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Accommodation and Food Services | - | - | - | - | |
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Real Estate | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
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Arts, Entertainment, and Recreation | - | - | - | - | |
|
Information | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Arts, Entertainment, and Recreation | - | $51.01 | Triple Net | Sep 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0912-01-0036I | Improvements Assessment | $31,884,440 |
| Land Assessment | $2,494,570 | Total Assessment | $34,379,010 |
PROPERTY TAXES
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Kingstowne Towne Center | 5900-5920 Kingstowne Towne Ctr
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