DC Metro Investment Property Mills Crossing Strip Mall
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Transcript of DC Metro Investment Property Mills Crossing Strip Mall
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
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Property Address: 14330 - 14338 Gideon Dr, Woodbridge, VA 22192 Potomac Mills / I-95 Corridor Submarket Executive Summary: 7,200 SF Total Rentable Area (100% Leased) $2,775,600 Purchase Price ($385.50 Price/SF) $178,405.71 NOI (Net Operating Income) In Place 6.43% Cap Rate (NOI ÷ Purchase Price) Net-Net Lease (Landlord is responsible for repairs to the Foundation, Roof (excluding HVAC) and Structure, Common Areas, Building Insurance, and Real Estate Taxes.)
Investment Highlights: Adjacent to the 1,606,000 sf (9,000 parking) Potomac Mills Super Regional Mall; Anchors include Bloomingdale’s, Sears, Neiman Marcus, JC Penny, Saks Fifth Avenue, Costco, T.J. Maxx, Nordstrom, AMC 18 Theatres, & many more.
Area retailers include Home Depot, Kohl's, IKEA, Best Buy, Old Navy, Lowes, Wal-Mart, hhgregg, BJ’s, Havertys, Target, Dick’s Sporting Goods, Pier 1 Imports, among many others.
Demographic Information & Area Profile: Average Household Income of $81,832 within a 5 mile radius (2010 estimate)
Average number of Households 69,647 within a 5 mile radius (2010 estimate)
Average Population of 203,245 within a 5 mile radius (2010 estimate), 399,973 for Prince William County and is projected to grow to 535,629 persons by 2030
Prince William County’s unemployment rate was 5.6% as of August 2010, compared to VA at 7.0% & 9.6% nationally
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Located in the heart of the Primary Retail Corridor for Prince William County, this investment offering is for the opportunity to purchase the Mills Crossing (“Property”), which is an approximately 7,260 square feet of shopping plaza, fully leased, located on a parcel consisting of 39,539 square feet (0.91 acres of land); which is adjacent to Pier 1 Imports, Kaiser Permanente Woodbridge Medical Center, Stafford University, Bamboo Buffet Noodle & Grille, and Costco Potomac Mills & Gas Station. The Property is strategically located next to the Potomac Mills Mall, renovated in 2005, and has over 225 retailers and an 18-screen AMC movie theater. Potomac Mills Mall Anchors include Against All Odds, AMC Theatres, Bloomingdale's Outlet, Books-A-Million, Modell's Sporting Goods, Neiman Marcus Last Call Clearance Center, Nike Factory Outlet, Nordstrom Rack, Off Broadway Shoe Warehouse, Old Navy, Off 5th Saks Fifth Avenue, Sears Outlet, TJ Maxx, Victoria's Secret, XXI Forever, Burlington Coat Factory, Brooks Brothers, & Costco. Other major retailers in the immediate trade area include Havertys Furniture, Toys “R” Us, HHgregg, AJ-Wright, Staples, IKEA, Sam’s Club, Wal-Mart, Dick's Sporting Goods, PetSmart, Target, Office Depot, Home Depot, Flooring America, Lowes, Kohl's, BJ’s, Wegmans Potomac & many more.
Investment Overview
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Suite Tenant Rentable
Sq Ft (±)
Initial Lease Term
Annual Rent Monthly
Rent Rent PSF
Increases CAM Real
Estate Taxes
INS Renewal Options
A-C Happy Home
Child Learning Center, Inc.
4,000 (56%)
Nov-08 to
Oct-13 (5 Yrs)
$129,000.00 $10,750.00 $32.25 Nov-11
9.3% Annually
$1,688.96 $7,386.79 $1,512 None
D-E Tee'd Off
Indoor Golf 3,200 (44%)
Mar-09 to
Apr-12 (3 Yrs)
$68,312.41 (aso 3/1/11)
$5,692.70 $21.35 Mar-11
3% Annually
$1,327.04 $5,803.91 $1,188 None
Total 7,200 $197,312.41 $16,442.70 $3,016.00 $13,190.70 $2,700
Property: Mills Crossing
Price: $2,775,600
As-Is NOI (100% Leased): $178,405.71 (as of March 1st, 2011)
Rental Increases: Yearly during base term
Capitalization (Cap) Rate: 6.43%
Monthly Cash Flow (after expenses): $14,867.14 (Loan Points & Mortgage Not Included)
Cash On Cash Return (before-taxes): 12.86% (First Year Cash Flow ÷ 50% Down Payment / Initial Investment)
Building Size Total: 7,260 SF included in the offering
Site Area: 39,539 SF (0.91 acres of land)
Address: 14330 - 14338 Gideon Drive,
Woodbridge, Virginia 22192
Prince William County
Parcel Number (APN): 8291-78-6532, Neighborhood Shopping Center
Year Built: 2008
Ownership: Fee Simple Interest
Lease Type: Net-Net (double-net) lease. Landlord is responsible for repairs to the Foundation, Roof (excluding HVAC) and Structure, Common Areas, Building Insurance, and Real Estate Taxes.
Rent Roll / Lease Summary
Investment Summary
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Lease Date 2011 Minimum Rent Total Tenant Suite GLA Start End Annual Monthly PSF Revenue
Happy Home Child Learning Center, Inc.
A-C 4,000 Nov-08 Oct-13
$129,000.00 $10,750 $32.25 $129,000.00
Tee'd Off Indoor Golf D-E 3,200 Mar-09
Feb-12
$68,312.41 $5,692.70 $21.35 $68,312.41
Total 7,200 100.0% Totals $197,312.41 $197,312.41 Vacant 0 0.0%
Occupied 7,200 100.0%
CAM ($0.42) ($146,090) Real Estate Taxes ($1.83) ($384,436) Insurance ($0.38) ($24,435) Management Fee – – Non-Recoverable – – Total Expenses ($2.63) ($18,906.70) Net Operating Income $10.44 $178,405.71
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
GROSS INCOME Minimum Rent $197,312.41 $211,263.46 $225,224.16 $239,184.87 $253,145.57 $267,106.28 $281,066.98 $295,027.69 $308,988.39 $322,949.10 $336,909.80
TOTAL MINIMUM RENT $197,312.41 $211,263.46 $225,224.16 $239,184.87 $253,145.57 $267,106.28 $281,066.98 $295,027.69 $308,988.39 $322,949.10 $336,909.80 Recoveries – – – – – – – – – – –
TOTAL GROSS INCOME $197,312.41 $211,263.46 $225,224.16 $239,184.87 $253,145.57 $267,106.28 $281,066.98 $295,027.69 $308,988.39 $322,949.10 $336,909.80 Credit / Vacancy Reserve
– – – – – – – – – – –
EFFECTIVE GROSS INCOME
$197,312.41 $211,263.46 $225,224.16 $239,184.87 $253,145.57 $267,106.28 $281,066.98 $295,027.69 $308,988.39 $322,949.10 $336,909.80
EXPENSES CAM (3,016.00) Taxes (13,190.70) Insurance (2,700.00)
TOTAL EXPENSES (18,906.70) NET OPERATING INCOME
$178,405.71
CAPITAL COSTS Tenant Improvements 0 0 0 0 0 0 0 0 0 0 0 Leasing Commissions 0 0 0 0 0 0 0 0 0 0 0 Capital Reserves 0 0 0 0 0 0 0 0 0 0 0
TOTAL CAPITAL COSTS 0 0 0 0 0 0 0 0 0 0 0
OPERATING CASH FLOW $178,405.71
In-Place Proforma: For Calendar Year Ending December 31, 2011
Cash Flow Projections - 10-Year Hold
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Site Plan & Floor Plan
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and assume no
responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net COMMERCIAL REAL ESTATE, LAND DEVELOPMENT, PROPERTY MANAGEMENT
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rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Tenant Profiles Year Founded: 1994 Products / Services: Child / Day Care & School Number of Stores: 3 Website: www.happyhomeclc.org
Year Founded: 2009 Products / Services: Professional Golf Simulators, Golf Lessons, & Golf Leagues Number of Stores: 1 Website: www.teedoffgolf.net
Summary For over 200 years, golf has been played outdoors. Now it's found its way indoors. Tee'd Off Indoor Golf is the newest game improvement and entertainment facility in the Woodbridge VA area. We offer the latest in golf simulator technology , using GSA simulators. Imagine playing some of the finest golf courses in the world in the comfort of our indoor facility. These courses offer the best in true 3D real time golf simulation. Tee'd Off Golf is not only a place to play but, also a place to learn. With the combination of our detailed swing analysis software and our teaching pro to help you understand the data, you'll be playing like a pro in no time.
Play year round golf on your choice of world championship golf courses. You can: Drive, chip and putt; Play with your own clubs and balls; Choose course conditions (play in the rain without getting wet); See your accurate ball flight; and Practice on driving ranges and analyze your swing.
Tee'd Off Golf’s GSA golf software and course collection represents the best in true 3D real-time golf simulation software, including: Hazeltine National - Chaska, Mn, Richlands C.C. - Palm Beach, FL, Kennemer - Noord Holland, Netherlands, Oakfield Country Club - Nova Scotia, Canada, Royal Links - Las Vegas, NV, Celtic Manor – Wales, and many more.
Located across the street from Costco-Potomac Mills Mall, with On-Site Professional Golf Instruction available. Leagues and Fund Raising Events available. Private Parties with catering available. Winter Hours: Monday - Saturday 10-8, Sunday - By tee time only.
Summary Happy Home Child Learning Center, named one of Northern Virginia's Top 50 Daycare
Centers by Northern Virginia Magazine. Happy Home Learning Center began in 1994 in
Alexandria, VA with a staff of six serving 45 children. It soon had a six month waiting list.
In 1998, Founder, Mrs. Tillman, opened a second site, also in Alexandria, VA. Boasting
102 students and 16 full-time staff, the Alexandria centers were nominated Small
Business of the Year and was nationally accredited in 1996 by the National Association for
the Education of Young Children. The third center opened in September 2009 in
Woodbridge, VA, and is located next to the Potomac Mills Commuter Lot and Potomac
Mills. Happy Home Child Learning Center takes pride in requiring highly trained staff,
teachers and teacher assistants. The centers fill quickly and do carry a waiting list. Ages of
childcare are from 3 months through 5 years old. Hours of operation are from 6:30 AM to
6:00 PM, Monday through Friday, closed on major holidays.
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Greater Washington Region - A Major World Capital Connection and Global Center Of Commerce
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WWaasshhiinnggttoonn IInntteerrnnaattiioonnaall TThhuurrggoooodd MMaarrsshhaallll AAiirrppoorrtt Greater Washington Offers Unparalleled Global Connectivity:
Greater Washington tops U.S., worldwide lists in business, employment - Washington Business Journal, June 11, 2010
“The nation's capital is emerging from the recession better than any other major metropolitan area in the country.” – Forbes
Greater Washington Dominates Inc. 500 List of Fastest-Growing Companies - CityBizList, August 13, 2009
“Washington DC is the only metropolitan area east of the Mississippi River characterized by high levels of growth, diversity, and educational attainment.” - Brookings Institute
Report says greater Washington’s economy is strong and ready to flourish post-recession - Virginia Business, June 11, 2010
Easier to do Business in Greater Washington than Rest of U.S., by a wide margin of 71-to-15 percent - Clarus Research Group
Greater Washington Ranks #2 In Median Household Income among U.S. Metropolitan Regions – 2008 U.S. Census data
No. 1 – Metros Where the Recession Is Easing – Forbes
No. 2 – Top Metros for Quality of Life and 10 Best Places for Young Adults - Portfolio.com
“The region is chock-full of job prospects, entertainment venues and great neighborhoods, and it is booming.” - Kiplinger’s
“Washington, DC is increasingly drawing in the ‘young and wealthy’.” - Nielsen Claritas
Washington DC Area Outranks All USA Cities for Real Estate Investment - Association of Foreign Investors in Real Estate (AFIRE)
2010 Greater Washington Initiative Regional Report Highlights: Greater Washington’s Economy is Best Positioned in the US to Excel Post-Recession - New jobs, diverse industry, and low
unemployment make Greater Washington a region without peer 5th largest regional economy in the US with a 2009 GRP of $443 billion Unemployment rate consistently below national average #1 among major metropolitan regions for female executives — 56% higher than national average Home to 18 Fortune 500® company headquarters representing $308 billion in annual revenues 48 Inc. 500 fastest-growing companies — #1 region in US for 13 consecutive years Home to more than 1,000 foreign-owned companies, representing more than 50 countries #1 US city and #2 global city for real estate investment
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Population Comparison Graph for Virginia’s Most Populace Counties:
Population in 5 Mile Radius of the Neighborhood Retail - (Strip Mall / Center)
14338-14330 Gideon Dr - Mills Crossing, Woodbridge, VA 22192, Woodbridge / I-95 Corridor Submarket
Population 1 Mile 3 Mile 5 Mile 2010 Total Population: 7,329 101,411 203,245 Pop Growth 2010-2015: 8.70% 4.10% 5.10% Per Capita Income: $30,484 $29,372 $31,960 Average Age: 38.80 34.00 34.10
Households 2010 Total Households: 2,458 34,697 69,647 HH Growth 2010-2015: 9.20% 4.50% 5.50% Median Household Inc: $78,203 $75,419 $81,832 Avg Household Size: 2.90 2.91 2.91 Avg HH Vehicles: 1.80 1.90 2.00 Avg Travel Time - Wrk: 36 min 38 min 39 min
Housing Median Housing Value: $246,941 $235,886 $259,612 Median Year Built: 1996 1984 1987
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
Average Annual Unemployment Rates 1990-2010 Prince William County, Virginia, United States Source: Virginia Employment Commission. Briefing.com
Prince William County at a glance, Prince William County Department of Economic Development Community Profile:
Prince William County, the newest center for business opportunity in the Metropolitan Washington area, is only 30 miles
southwest of the nation’s capital. Prince William County is home to Northern Virginia’s newest technology park, Innovation @
Prince William Technology Park, anchored by George Mason University, American Type Culture Collection, Lockheed Martin
Federal Systems and is adjacent to Micron Technology Virginia. Recent corporate additions to the County include Science
Applications International Corporation (SAIC), Advion Biosciences Inc., Zestron, FBI’s Northern Virginia Resident Agency, and
Jacobs Technology. With a population of 399,973 (2030 forecast: 535,629), Prince William County is a youthful and vigorous
community where schools annually outpace state and national achievement standards, and nearly half of the adult population
has a college degree. Prince William County is fast becoming the heart of the highly-educated Northern Virginia labor pool, as
75% of Northern Virginia workers live within a 30-minute rush-hour commute of the center of the County. Resources, ease-of-
living and location are all here at Prince William.
Total square miles: 348 (222,615 acres) including towns & c it ies
Population: 399,973* (Sept 15 t h , 2010, PWC OIT) *estimate
Labor force: 212,199 (Virginia Employment Commission )
At-place employment: 103,411 (4 t h Quarter 2009) At-place average weekly wages in Northern Virginia grew by 5.2% in the last year and 20.1% since 2004.
Unemployment rate: 5.6% (August 2010, VEC) National = 9.6% & VA = 7.0%
Median household income: $89,785 - Census Bureau’s 2008 American Community Survey (ACS). This ranks eleventh among the largest counties in the nation (4 t h in Virginia), & is an indication of the relative wealth of Prince William & the Greater Washington area, which includes 9 of the top 20 counties in the U.S. for median household income. The per capita income in Prince William County in 2009 was $35,890.
Adults with a college degree: According to the Census Bureau’s 2009 ACS, 39.9% of adults in Prince William County had bachelor’s degrees or higher, compared to 27.9% in the na tion as a whole.
Prince William Quick Facts: Prince William has the 2nd largest school system in VA (All high schools rank in top 6% of Newsweek / Washington Post “Challenge Index”), 10 public golf courses, 6 marinas, 55 county parks w/ over 150 miles of hiking, biking & running trails and several equestrian friendly parks & trails.
Prince William County Demographics
rlt R. L. Travers & Associates, Inc.
Disclaimer: We have in preparing this information, used our best endeavors to ensure that the information contained herein is true and accurate, and deemed to be a reliable reflection of market values or has been
secured from sources we believe to be reliable, but we make no representation, guarantee or warranties, expressed or implied, as to the accuracy of the information complete, or reliable, current or error-free and
assume no responsibility for any errors or omissions contained therein. All references to age, square footage, income, and expenses are approximate. This is not a survey, any pictures, images, or drawings are only for
illustrative purposes. Any party should conduct their own independent investigations and rely solely on those results. This is not intended as a listing solicitation for a property currently listed with another broker.
For more information, please contact:
Guy Travers, Principal Broker
703.339.0100
Post Office Box 686 Springfield, Virginia 22150 P: 703.339.0100 F: 703.550.8815
www.rltinc.net
14330 - 14338 Gideon Dr Woodbridge, Virginia 22192
MILLS CROSSING @ POTOMAC MILLS
NORTHERN VIRGINIA INVESTMENT OPPORTUNITY
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Acquisition University, Defense Contract Defense Technical Information Center, US Army Criminal Investigation Command, US Army Intelligence & Security Command, US Army Materiel Command, Defense Threat Reduction Agency, the US Department of Defense, National Geospatial-Intelligence Agency, & DeWitt Army Community Hospital
Greater Washington DC Metropolitan Area Map:
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covering nearly 100 sq. mi. in southern Prince William County, & with over 12,000 military & civilian personnel (including families) based here. It is also home of the Marine Corps Officer Candidates School, Marine Corps Research Center & FBI Academy