Press Release

Calkain’s Fernandez Brings 37,000 SF $11.6M

Net Leased to Bed Bath & Beyond (andThat! and Harmon Face Values)

Herndon, VA – Calkain is pleased to exclusively market for sale 13065 Fair Lakes Center in Fairfax, VA.  The property includes the 5-acre parcel with improvements and is guaranteed and net leased to Bed Bath & Beyond, Inc operating under its boutique concepts andThat! and Harmon Face Values.  Fair Lakes is just 40 minutes to Washington Reagan and less than half an hour to Dulles International Airports and the proposed Amazon HQ2.

The highly adaptable retail location underwent a $3M+ renovation in 2017 and is adjacent to Michael’s, Home Goods and the Walmart Supercenter in the 1 Million square foot Fair Lakes Center.  Bed Bath & Beyond operates a robust ecommerce platform and an established line of retail store including Bed Bath & Beyond, andThat!, Harmon Face Values and other popular concepts.

Calkain’s Senior Managing Director, Rick Fernandez, commented, “The successful buyer will acquire generational real estate ideally situated at the nexus of Route 66 and the Fairfax County Parkway with nearly 190,000 VPD passing Fair Lakes.”  Fernandez continued, “The landlord friendly, 15-year Bed Bath & Beyond lease features an S&P BBB rated corporate guarantee with 10% rent increases and options that carry the lease to 2047.”

Calkain is a commercial real estate brokerage specializing in assisting buyers and sellers of single and multi-tenant net-leased properties. Calkain delivers a global buying audience to a highly sought after, client focused platform that covers all aspects of the transaction including advisory, brokerage, asset management, capital markets and research. Additional information about the firm and listings may be found at www.calkain.com.

Traci BidingerCalkain’s Fernandez Brings 37,000 SF $11.6M

Related Posts