Atlantic Capital Partners has been exclusively engaged to market for sale Wythe Plaza, a neighborhood shopping center located in Wytheville, VA anchored by Roses Discount Store. The 8.69-acre asset is ideally situated along East Main Street, just off I-81, the main interstate that services Virginia. Wythe Plaza sits less than two miles from a Wytheville Commons, home to a Walmart Supercenter and Lowes, which both enhance daily traffic and exposure for the center.

Totaling 99,854 square feet, Wythe Plaza is presently 86% leased to 14 tenants with 4.3 years of weighted average remaining lease term and a projected 10-year CAGR of 6.27%. The offering of Wythe Plaza allows investors to pursue a value-add shopping center while realizing strong existing cash flow and income growth through leasing opportunities. The stability of the Roses Discount Furniture, making up for 46% of the gross leasable area and 29% of the revenue of the center, provides investors with surety of cash flow through their lease expiration date in May-2029 and two five-year extension options thereafter