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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 began in 1994 when brothers Chris and Robin Sorensen opened their first Jacksonville, Florida location. The founders drew inspiration from their firefighting backgrounds to create the restaurant's concept. The chain serves hot and cold submarine sandwiches alongside other items like salads and desserts. Menu favorites include the Hook & Ladder and Italian sub combinations. Over three decades, the company expanded to numerous locations nationwide while maintaining its firefighter-themed decor. A portion of proceeds supports the Firehouse Subs Public Safety Foundation, which provides equipment to first responders.
At Moby Dick House of Kabob, the purpose is to create and serve food with character – food that people love and crave. Since opening in 1989, realizing the purpose by never cutting corners when it comes to the quality of their food, or how it’s prepared and served to customers. The character people taste in the food and the experience they have in Moby Dick's restaurants are the sum of the values they live and work by. Moby Dick's food includes slow-braised stews and flame-grilled meats, house-made signature seasonings and marinades, and fresh whole pita bread baked in a traditional clay oven. Moby Dick's take pride in using traditional Persian cooking techniques (with a Mediterranean flair) and the highest-quality ingredients to make delicious, fresh food in a fast and casual environment.
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 Cinemas, part of Regal Entertainment Group and headquartered in Knoxville, Tennessee, is one of the largest movie theater chains in the United States. Founded in 1989 and formerly a publicly traded company, it is now a subsidiary of the U.K.-based Cineworld Group. Regal offers a range of premium viewing experiences, including advanced formats such as IMAX, 4DX, RPX, and ScreenX. The company provides theatrical entertainment along with ticketing services, concessions, and loyalty programs. Throughout its history, Regal has grown through acquisitions and the development of enhanced auditoriums. In recent years, it has focused on financial restructuring and modernization initiatives to improve its theaters and expand premium offerings.
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.
Founded in 2012, YogaSix operates as a boutique yoga brand focused on delivering structured, instructor-led yoga classes in a studio setting. The company offers a defined set of class formats that range from slower, recovery-oriented sessions to more physically demanding, heated flows, designed to accommodate a variety of experience levels. YogaSix studios follow a standardized programming model supported by centralized training and brand oversight. YogaSix operates primarily through a franchise model, with studios owned and operated by local franchisees. In 2018, the brand was acquired by Xponential Fitness, a global franchisor of boutique fitness concepts, and now operates as part of Xponential’s multi-brand portfolio. Since the acquisition, YogaSix has continued to expand its studio footprint across the United States and internationally. The Denver Layton Avenue studio functions as a locally operated franchise location offering scheduled group yoga classes consistent with the YogaSix system. YogaSix remains privately operated at the brand level and is positioned within the broader health and wellness services sector.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | - | - | - | |
|
Real Estate | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Arts, Entertainment, and Recreation | - | - | - | - | |
|
Information | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Arts, Entertainment, and Recreation | - | $70.04 CAD | Triple Net | Sep 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0912-01-0036I | Improvements Assessment | $43,602,928 CAD |
| Land Assessment | $3,411,399 CAD | Total Assessment | $47,014,327 CAD |
Property Taxes
Presented by
Kingstowne Towne Center | 5900-5920 Kingstowne Towne Ctr
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