exciting retail opportunity beacon...2013/06/05 · the beacon of groveton includes 290-unit class...

For more information on The Beacon of Groveton, please visit our website at:

www.cbre.com/thebeaconofgroveton

For more information, please contact:

Lisa [email protected]

Kristen [email protected]

EXCITING RETAIL OPPORTUNITYAVAILABLE ON ROUTE 1 / RICHMOND HIGHWAY

ON THE FIRST FLOOR OF A NEW MIXED-USE LUXURY RESIDENTIAL BUILDING 6 8 7 0 R i c h m o n d H w y

A l e x a n d r i a , VA 2 2 3 0 6

Theof GrovetonBeacon

750 9th Street, NWSuite 900Washington, DC 20001

Retail Consulting and Leasing

Retail Consuletail Consulting and Leating and Leaa d easingsings gs g

ROUTE 1 / RICHMOND HIGHWAY ROUTE 1 / RICHMOND HIGHWAY

(56,000 VPD)(56,000 VPD)

T H E B E A C O N O F G R O V E T O N | P r o p e r t y O v e r v i e w

The Beacon of Groveton includes 290-unit Class A apartments and 10,000 SF of ground-fl oor street retail fronting Richmond Hwy (Route 1) located in Alexandria, VA (Fairfax County).

DELIVERY DATE: Available Immediately

RESTAURANT OPPORTUNITIES: Venting Capacity and Outdoor Seating Available

PARKING: 78 Retail Parking Spaces

TRAFFIC COUNTS: Richmond Highway 56,000 vehicles/day; Route 1 Widening from Mt. Vernon Memorial Highway to Telegraph Road starting May 2013 and will increase the infl ux of traffi c once construction is complete in 2016

DEMOGRAPHICS: Strong Retail Demographics within a 3 mile radius – Average HH Income: $121,041– Population: 120,734– Daytime Population: 48,080

AREA RETAILERS INCLUDE:

© 2013 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should

conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their

respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

T H E B E A C O N O F G R O V E T O N

BECOME A PART OF THE COMMUNITY AT THE BEACON OF GROVETON

FEATURING 290 LUXURY APARTMENTS LOCATED ABOVE

10 ,000 SF OF RETAIL

• Development is located approximately 3.5 miles from Old Town Alexandria, 2.5 miles from the Huntington Metro station, and 6.0 miles from Fort Belvoir

• Easy regional and local access via Rt. 1; I-395; I-95; I-495

• Richmond Highway Express (“REX”) bus service stops at the Bea-con Center, less than ½ mile from the property, and connects to the Huntington and King Street Metro stations, as well as 12 other stops along Richmond Hwy

• Excellent visibility on Route 1

• Adjacent to Beacon Shopping Center anchored by Target and Lowe’s

• Outdoor seating area opportunity

• Surface and structured retail parking available

• Public bus stop adjacent to development

• Private Metro shuttle

HIGHLIGHTS

THE BEACON OF GROVETON

University ofMaryland Campus

COLLEGE PARK

T H E B E A C O N O F G R O V E T O N | M a r k e t A e r i a l

DEMOGRAPHICS 0.5 MILE 1 MILE 3 MILES

POPULATION 3,103 21,619 120,734

AVERAGE HOUSEHOLD INCOME $83,689 $99,658 $121,041

DAYTIME POPULATION 2,129 6,421 48,080







: :PROPERTY OVERVIEW:: 5

UNEXCAVATED

UNEXCAVATED

UNEXCAVATED

6

A

54321

B

C

RAMP DN

RAMP UP5% SLOPE

5% SLOPE

CHAIN LINK FENCE(TYP.)

MANHOLEACCESS

24"x24" ACCESSPANEL

POOLAT GRADE

TRASH ROOM

LOADING

AHU

RETAILELEC.ROOM

RETAIL TRASHROOM

EXIT CORRIDOR

EX

IT C

OR

RID

OR

6870 RICHMOND HWYALEXANDRIA,VA 22306

TOTAL

Name Count jGRO-UA1-2 1

GRO-UA1-ANSI 1GRO-UA3-1 1GRO-UA3-2 1GRO-UB1 2

GRO-UB1-3 2GRO-UB1-ANSI 1

GRO-UB2 2

11

ELEV.PIT

ROLL UPGRILLE DOOR

B1-3 A1-2B1

B1

B2

A3-2

A3-1

B2

B1-3B1

UNIT

UNITUNITUNITUNITUNIT

UNIT

UNIT

UNIT

UNIT

A1UNIT

EXIT DISCHARGE

SINGLE SIDE BIKE RACKATTACHED TO WALL

2

2 2

2

2

2

2

22 2

56

55 54

57

58

59

60

5352 51

502

98" CLEAR HEIGHT FORVAN ACCESSIBILITY

F

TRENCH DRAIN

FEC

FEC

FEC

CHAIN LINK WINDOWSEE DETAIL 4/A-528

GATE

1A-102

2ND LEVEL PLAN1/16" = 1'-0"

5

2A-301

1A-301

2A-202

1A-202

S

FECF

ADDING FEC IN BLDG & G

4A-704A

3A-543

4A-526

2A-542

CHAIN LINK FENCEN(TYP.))

RAMP DN

RAMP UP5% SLOPE

5% SLOPERAMP DN

MANHOLEACCESS

24"x24" ACCESSPANELPANEL

HARGERREXIT DISCHA

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RGE98 CLEAR HEIGHT FOR898" CLEAR HEIGHT FOR8

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CHAIN LINK WINDOWWNSEE DETAIL 4/A-5282T

98" CLEAR HEIGHT FOR8

RAMP DN

45,000 SF OFFICE SPACE5,000 SF RETAIL SPACE

GRO

VETO

N S

TREE

T

MEM

ORIA

L STREET

RETAIL PARKING

RICHMOND HIGHWAY (ROUTE 1) - 56,000 VPD

59 Retail Parking SpacesOn 1st Level

6 Parking

Spaces

13 Parking Spaces

Residential Fitness Center

T H E B E A C O N O F G R O V E T O N | S i t e P l a n : : R E T A I L S I T E P L A N : :

Future Offi ce with Retail Parking Garage

Entrance

Residential Building with 10,000 SF of Retail

ELEV..PIT

A MO

RIAL STREE

MEM

l ResidentiaFitness Center

Outdoor Seating Area

: :PROPERTY OVERVIEW:: 5

T H E B E A C O N O F G R O V E T O N | S i t e P l a n

ResidentialFitnessCenter

4,464 SFAVAILABLE

1,252 SFAVAILABLE

1,389 SFAVAILABLE

1,431 SFAVAILABLE

1,401 SFAVAILABLE

Retail Exhaust Vent

SPACE A SPACE B SPACE C SPACE D SPACE E

Retail Exhaust Vent Retail Exhaust Vent

Ceiling Height 21’9”

70’ -

10”

70’ - 6”23’ - 2”

23’ - 2”23’ - 2”

21’ - 2”

50’ -

7”

57’ -

1”

60’ -

11”

59’ -

5”

Ceiling Height18’9”




RICHMOND HIGHWAY (ROUTE 1) - 56,000 VPD ENTRANCE TO

PARKING

Service Corridor

MEMORIAL STREET

Outdoor Seating Area

RETAIL SPACE

6870 Richmond Hwy 0.5 mile radius

6870 Richmond Hwy 1 mile radius


2013 Estimated Population 3,103 21,619 120,7342018 Projected Population 3,233 22,631 127,5002010 Census Population 3,034 21,053 116,4372000 Census Population 2,766 19,417 106,456

Growth 2010-2013 2.26% 2.69% 3.69%Growth 2013-2018 4.20% 4.68% 5.60%

2013 Estimated Median Age 36.25 35.18 38.232013 Estimated Average Age 36.44 35.43 38.20

2013 Estimated Households 1,057 7,732 49,3522018 Projected Households 1,099 8,082 52,3882010 Census Households 1,036 7,528 47,3602000 Census Households 1,030 7,408 44,346

Growth 2010-2013 2.04% 2.71% 4.21%Growth 2013-2018 3.98% 4.53% 6.15%

2013 Est. Average Household Size 2.85 2.74 2.43

2013 Est. Median Household Income $58,231 $66,824 $87,0182018 Prj. Median Household Income $62,765 $73,215 $96,3352000 Cen. Median Household Income $51,191 $53,077 $64,368

2013 Est. Average Household Income $83,689 $99,658 $121,0412013 Estimated Per Capita Income $28,515 $35,642 $49,478

2013 Estimated Housing Units 1,119 8,140 52,5292013 Estimated Occupied Units 1,057 7,732 49,3522013 Estimated Vacant Units 61 408 3,178

2013 Est. Owner Occupied Units 503 3,719 28,9072013 Est. Renter Occupied Units 554 4,013 20,445

2013 Est. Median Housing Value $319,670 $341,862 $366,6222013 Est. Average Housing Value $353,669 $382,737 $414,017

T H E B E A C O N O F G R O V E T O N | D e m o g r a p h i c I n f o r m a t i o n

6870 Richmond Hwy 0.5 mile radius



2013 Estimated Population by Age 3,103 21,619 120,734- Aged 0 to 4 Years 241 (7.8%) 1,854 (8.6%) 8,434 (7.0%)- Aged 5 to 9 Years 203 (6.5%) 1,539 (7.1%) 7,788 (6.5%)- Aged 10 to 14 Years 183 (5.9%) 1,339 (6.2%) 6,710 (5.6%)- Aged 15 to 17 Years 115 (3.7%) 809 (3.7%) 4,059 (3.4%)- Aged 18 to 20 Years 102 (3.3%) 676 (3.1%) 3,057 (2.5%)- Aged 21 to 24 Years 158 (5.1%) 1,078 (5.0%) 5,376 (4.5%)- Aged 25 to 34 Years 487 (15.7%) 3,451 (16.0%) 18,783 (15.6%)- Aged 35 to 44 Years 496 (16.0%) 3,480 (16.1%) 18,983 (15.7%)- Aged 45 to 54 Years 469 (15.1%) 3,115 (14.4%) 18,120 (15.0%)- Aged 55 to 64 Years 351 (11.3%) 2,377 (11.0%) 15,292 (12.7%)- Aged 65 to 74 Years 187 (6.0%) 1,187 (5.5%) 8,583 (7.1%)- Aged 75 to 84 Years 68 (2.2%) 481 (2.2%) 3,898 (3.2%)- Aged 85 Years and Older 43 (1.4%) 231 (1.1%) 1,652 (1.4%)

2013 Estimated Population Over 25 by Educational Attainment

2,101 14,323 85,310

- Less than 9th Grade 301 (14.3%) 1,117 (7.8%) 5,165 (6.1%)- High School - No Diploma 194 (9.2%) 918 (6.4%) 4,432 (5.2%)- High School Diploma 535 (25.5%) 3,387 (23.6%) 15,961 (18.7%)- Some College 385 (18.3%) 2,832 (19.8%) 13,052 (15.3%)- Associate Degree 87 (4.1%) 697 (4.9%) 4,273 (5.0%)- Bachelor's Degree 325 (15.5%) 2,800 (19.5%) 21,139 (24.8%)- Master's Degree 200 (9.5%) 1,812 (12.7%) 14,546 (17.1%)- Professional Degree 45 (2.1%) 479 (3.3%) 4,352 (5.1%)- Doctoral Degree 29 (1.4%) 280 (2.0%) 2,390 (2.8%)

2013 Estimated Population by Sex 3,103 21,619 120,734- Male 1,543 (49.7%) 10,694 (49.5%) 59,516 (49.3%)- Female 1,560 (50.3%) 10,926 (50.5%) 61,218 (50.7%)

2013 Estimated Employed 1,585 11,470 66,826

T H E B E A C O N O F G R O V E T O N | D e m o g r a p h i c I n f o r m a t i o n

exciting retail opportunity beacon...2013/06/05 · the beacon of groveton includes 290-unit class...

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