Cushman & Wakefield | Thalhimer is pleased to present Emporia Marketplace, a 79,070 SF grocery-anchored retail center in Emporia, Virginia, for sale. The Property is fully leased to nine tenants featuring national, regional and local credit with a weighted average remaining lease term of 4.9 years. The anchor tenant, Food Lion, Inc. (OTCMKTS: ADRNY | S&P: BBB+ | FORTUNE GLOBAL # 114), an investment-grade, high-performing grocer, has been operating since 1995 and occupies 33,000 SF (41.7%) of the GLA. Recently, Food Lion exercised an early renewal extending its firm lease term to August 2030. Over nearly 30 years, Food Lion has established itself as the dominant grocery store in the area, maintaining a health ratio of 1.36%.

The Property benefits from a weighted tenant tenure average of 18.5 years, reflecting a stable and committed tenant base that ensures consistent occupancy and reliable income. Almost 90% of the diverse tenant mix is comprised of investment grade or corporate credit and includes national and regional operators such as Family Dollar (NYSE: FDO | S&P: BBB), Bealls, Hibbett’s Sporting Goods, and VA ABC Store. Located less than 0.2 miles from Interstate 95 (45,000 VPD), Emporia serves as the Southern Gateway to Virginia and is a key stopping point for travelers, driving additional sales and foot traffic. With minimal competition in the area, Food Lion further solidifies its market dominance.

The Emporia submarket boasts a low vacancy rate of 3.1% and favorable rent growth over time, supported by a constrained supply of grocery stores. Additionally,the 0.71 acre outparcel along with mark to market rent growth opportunities offer multiple avenues for future value creation. With a balanced mix of near-term income security and an ideal location for future growth, Emporia Marketplace presents a risk-mitigated opportunity for stable income backed by strong market fundamentals.