8209 Watson St
McLean, VA 22102
REI: Tysons Corner, VA · Retail Property For Sale

The CBRE Net Lease Property Group and National Retail Partners are pleased to exclusively offer a 32,857-square-foot freestanding REI with an adjacent 2-level parking deck containing approximately 180 spaces. The structures are situated upon an irreplaceable site in Tysons Corner and represents a significant covered land play opportunity. With 33 MSF of office space and 7.8 MSF of retail within a 3-mile radius, Tysons Corner is one of the leading business and retail centers in the nation. Tysons Corner is part of Fairfax County—the most populous jurisdiction in Virginia and the 3rd wealthiest county in the country—and the Washington, D.C. MSA (Population: 6.1 Million). REI’s 15-year net lease features ±10.5 years of primary term remaining and three 5-year options to renew. The lease includes attractive 12% rent increases every 5 years during the initial term and in each of the renewal options. REI is positioned with strong access from both Chain Bridge Road and Leesburg Pike (Combined Traffic Count: 91,000 VPD) and less than a mile from I-495 (Traffic Count: 174,000 VPD) which encircles Greater Washington D.C. The site is also less than 0.5 miles from two separate Metro stations on the newly expanded Silver Line. REI is located within the heart of the area’s premier retail corridor which is anchored by two super-regional malls, Tysons Galleria (Anchors: Ritz-Carlton, Neiman Marcus, Saks Fifth Avenue, Macy’s) and Tysons Corner Center (Anchors: Macy’s, Bloomingdale’s, Nordstrom, Lord & Taylor). Tysons Corner Center is the 9th largest mall in the U.S. Furthermore, the area continues to benefit from a constant influx of new development including the following under-construction projects: Lerner Town Square (an outdoor venue), Tysons II (a 2 MSF mixed-use retail, office and multifamily development which includes a 31-story luxury residential tower), 1725 Tysons Boulevard (a 475,000 square foot trophy office tower) and 8000 Galleria Drive (a 483,000 square foot corporate office tower. In addition to the ±15,000 multifamily units, the area is also home to 41,914 households worth an average of $713,527 within a 3-mile radius.