Virginia Center Station
Unanchored Strip Investment Opportunity with Diverse Tenant Mix | Richmond, VA
Deal Type: Acquisition
Risk Profiles: Core Plus
Property Types: Retail
Unanchored Strip Investment Opportunity with Diverse Tenant Mix | Richmond, VA
- Fully leased triple net strip center with proven operating history and WALT of 5.6 years
- Conveniently located along major internal artery Brook Road (Route 1) just 0.5 miles from the heavily traveled I-95 & 1-295 Interchange
- Diverse tenant mix featuring national operators such as Chipotle, Mattress Firm, and SportsClips
- Weighted average tenure of 14.5 years among the top four largest tenants
- Situated within the larger Virginia Center Station retail development, offering tenants generous pylon signage as well as multiple points of ingress and egress with exposure to have 34,000 passing cars per day
- Benefits from historically solid market fundamentals and proximity to big box retail traffic generators
- Only a mile away from the recently opened Henrico Sports & Events Center