Fairfax - Fair Lakes Center

FAIR LAKES CENTER
FAIRFAX, VA

AUGUST 2020

While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy. All information should be independently verified prior to a
purchase or lease of the property. We are not responsible for errors, omissions, misuse, or misinterpretation of information contained herein and make no warranty of any kind, express or implied,
with respect to the property or any other matters.

GREENBRIAR INOVA FAIR OAKS FAIRFAX OAKTON Fairfax
TOWN CENTER HOSPITAL TOWNE CENTER
[349,413 SF] [339,365 SF] 2[120,0180AD0T] Fairfax County | Virginia
FAIR LAKES CENTER PENDER VILLAGE
[1.2 MILLION SF] CENTER 19[2001,80A0DT0] - Google Earth Pro Aerial Photograph -
While we have no reason to doubt the accuracy of
[192,545 SF] BOULEVARD MARKETPLACE
AT FAIRFAX any of the information supplied, we cannot,
FAIR OAKS MALL and do not, guarantee its accuracy.
[1.6 MILLION SF] POINT 50
[31,924 SF] PAN AM SHOPPING CENTER
[227,000 SF]

TM

PROPOSED [720018,A0D0T]0

EAST MARKET KAMP WASHINGTON
AT FAIR LAKES SHOPPING CENTER
[169,518 SF]
[71,825 SF]

12[2301,80A0DT0] FAIRFAX COURT RWETAAPILLECSEMNTILELR SHFAOIPRPFIANXGCCIRENCTLEER
[259,138 SF] [18,500 SF] [78,111 SF]

JERMANTOWN FAIRFAX 3[720,018 0AD0T] ARMY NAVY
SQUARE MARKETPLACE COUNTRY CLUB
[22,249 SF] [18,860 SF]
FAIR CITY MALL
COURTHOUSE PLAZA [468,843 SF]
FAIRFAX POINTE [83,170 SF]
[10,500 SF]

FAIR LAKES PROMENADE FAIRFAX CORNER FAIRFAX CENTRE I WESTMORE MAIN STREET CENTER
[140,407 SF] [524,694 SF] [100,000 SF] SHOPPING CENTER [50,000 SF]

FAIR LAKES [24,929 SF] PICKETT
SHOPPING CENTER
3[320,108 A0D0T] [320818,0AD0T]0
[89,564 SF]
LEE PLAZA WESTFAIR
SHOPPING CENTER SHOPPING
®
[37,687 SF]
CENTER FAIRFAX JUNCTION
[18,720 SF] SHOPPING CENTER
[68,932 SF]
FAI[R15FA0X,6C5E5NSTFR]E II

COSTCO PLAZA FAIRFAX MAIN STREET
[317,670 SF] MARKETPLACE
4[20818,0AD0T0] [101,998 SF]
SHOPTUPIRNNGPCIKEENTER
GEORGE MASON [122,978 SF]
UNIVERSITY

7[520,0180AD0T]

Fairfax

Fairfax County | Virginia

- Google Earth Pro Aerial Photograph -

While we have no reason to doubt the accuracy of
any of the information supplied, we cannot,
and do not, guarantee its accuracy.

[220168 ,A0DT0] 0

6[250,108 A0DT0]FA[I1R.2LAMKIELLSIOCNENSTFE]RPROPOSED
1[820,108 A0D0T]
15[2801,80A0DT0]

2961 Noodles & Company 2,901 SF 3011 Land's End 7,000 SF 3048 Jimmy John's 1,200 SF 3091 Best Buy 50,400 SF
2965 VA ABC 2,812 SF 3015 Cantina d'Italia 4,400 SF 3048A Ulta Beauty 9,167 SF 3093 Red Robin 7,995 SF
2967 Torrid 3,320 SF 3019 Sally Beauty Supply 1,500 SF 3049 BJ's Wholesale 123,800 SF 3095 Burger King 3,200 SF
2973 PETSMART 25,010 SF 3027 Available 15,404 SF 3051 Walmart 182,800 SF 3097 Wendy's 3,175 SF
2975 Golf Galaxy 12,351 SF 3029 5.11 Tactical 6,933 SF 3053 Michael's 26,977 SF 3099 Exxon 1,849 SF
2979 Lane Bryant 6,426 SF 3031 Aldi 24,000 SF 3055 HomeGoods 30,348 SF 4001 Olive Garden 9,100 SF
2985 Verizon Wireless 2,000 SF 3035 Hobby Lobby 81,042 SF 3059 And That! / Face Values 40,000 SF 4003 Applebee's 5,413 SF
2987 Hair Cuttery 1,200 SF 3037 AT&T 2,500 SF 3075 Red Pepper 1,954 SF 4005 Jared's Jewelers 6,000 SF
2989 Fair Lakes Dentist 2,461 SF 3039 Tsunami 2,500 SF 3077 GNC 1,200 SF 4007 Ha Sakura 7,200 SF
2993 World Market 19,685 SF 3041 Kirkland's 9,010 SF 3079 Cleaners 1,800 SF 29551 Jason's Deli 4,478 SF
2995 Available 21,825 SF 3042 Chipotle Mexican Grill 3,089 SF 3081 Bagel Buddies 2,000 SF 29552 Starbucks Coffee 1,600 SF
2997 DSW Shoes 26,856 SF 3044 Allstate Insurance 2,471 SF 3083 Plaza Nails 30501 Guapo's 7,782 SF
2999 Available 3,750 SF 3046 European Wax Center 2,400 SF 3087 Tony's NY Pizza 800 SF
3007 Banners Hallmark 4,200 SF 3047 Target 110,431 SF 3089 Available 3,360 SF
0.75 AC

12997 Fair Lakes Center, Fairfax, VA 22033 | P 703.227.2000 | F 703.631.6481 | www.petersoncos.com



Demographic Snapshot Prepared by KLNB Demographic Snapshot Prepared by KLNB
Latitude: 38.85642 Latitude: 38.85642
Fair Lakes Shopping Ctr, Fairfax, Virginia, 22033 2 Longitude: -77.39460 Fair Lakes Shopping Ctr, Fairfax, Virginia, 22033 2 Longitude: -77.39460
Fair Lakes Shopping Ctr, Fairfax, Virginia, 22033 Fair Lakes Shopping Ctr, Fairfax, Virginia, 22033
Drive Time: 15 minute radii 15 minutes Drive Time: 15 minute radii
10,845
Data for all businesses in area 15 minutes
Total Businesses: 168,165
Total Employees: 301,133 Median Household Income $126,446
Total Residential Population: 2020 Median Household Income $133,959
Employee/Residential Population Ratio: 1:1 2025 Median Household Income
2018-2023 Annual Rate 1.16%

Population Average Household Income

2000 Population 15 minutes 2020 Average Household Income $169,756
2010 Population 238,851 2025 Average Household Income $183,413
2020 Population 284,670 2018-2023 Annual Rate
2025 Population 301,133 1.56%
2000-2010 Annual Rate 310,078
2010-2018 Annual Rate 1.77% Households by Income
2018-2023 Annual Rate 0.55%
2020 Male Population 0.59% Current median household income is $126,446 in the area, compared to $58,100 for all U.S. households. Median household income is
2020 Female Population 49.5% projected to be $133,959 in five years, compared to $65,727 for all U.S. households
2020 Median Age 50.5%
37.0 Current average household income is $169,756 in this area, compared to $83,694 for all U.S. households. Average household income is
projected to be $183,413 in five years, compared to $96,109 for all U.S. households

In the identified area, the current year population is 301,133. In 2010, the Census count in the area was 284,670. The rate of change since Current per capita income is $59,651 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to
2010 was 0.55% annually. The five-year projection for the population in the area is 310,078 representing a change of 0.59% annually from be $64,282 in five years, compared to $36,530 for all U.S. households
2018 to 2023. Currently, the population is 49.5% male and 50.5% female. Housing

2000 Total Housing Units 85,984

Median Age 2000 Owner Occupied Housing Units 61,349

The median age in this area is 37.0, compared to U.S. median age of 37.9. 2000 Renter Occupied Housing Units 22,725
Race and Ethnicity
2000 Vacant Housing Units 1,910
2020 White Alone
2020 Black Alone 2010 Total Housing Units 104,305
2020 American Indian/Alaska Native Alone
2020 Asian Alone 56.2% 2010 Owner Occupied Housing Units 71,142
2020 Pacific Islander Alone 8.0%
2020 Other Race 0.3% 2010 Renter Occupied Housing Units 29,690
2020 Two or More Races
2020 Hispanic Origin (Any Race) 25.8% 2010 Vacant Housing Units 3,473
0.1%
4.7% 2020 Total Housing Units 108,829
4.9%
2020 Owner Occupied Housing Units 73,457
12.9%
2020 Renter Occupied Housing Units 32,245

2020 Vacant Housing Units 3,127

2025 Total Housing Units 112,067

Persons of Hispanic origin represent 12.9% of the population in the identified area compared to 18.3% of the U.S. population. Persons of 2025 Owner Occupied Housing Units 74,493
Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from
different race/ethnic groups, is 69.9 in the identified area, compared to 64.3 for the U.S. as a whole. 2025 Renter Occupied Housing Units 34,066

2025 Vacant Housing Units 3,508

Households Currently, 67.5% of the 108,829 housing units in the area are owner occupied; 29.6%, renter occupied; and 2.9% are vacant. Currently, in
the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there
2000 Households 84,074 were 104,305 housing units in the area - 68.2% owner occupied, 28.5% renter occupied, and 3.3% vacant. The annual rate of change in
2010 Households 100,832 housing units since 2010 is 1.90%. Median home value in the area is $547,140, compared to a median home value of $218,492 for the U.S.
2020 Total Households 105,702 In five years, median value is projected to change by 0.81% annually to $569,731.
2025 Total Households 108,559
2000-2010 Annual Rate
2010-2018 Annual Rate 1.83%
2018-2023 Annual Rate 0.46%
2020 Average Household Size 0.53%

2.78

The household count in this area has changed from 100,832 in 2010 to 105,702 in the current year, a change of 0.46% annually. The five-
year projection of households is 108,559, a change of 0.53% annually from the current year total. Average household size is currently 2.78,
compared to 2.76 in the year 2010. The number of families in the current year is 75,356 in the specified area.

Source: Esri, Esri and Infogroup, U.S. Census Source: Esri, Esri and Infogroup, U.S. Census

August 17, 2020 August 17, 2020
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