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11 Orchard Hill CirStaunton, VA 24401
Orchard Hill Square
Asset ClassRetail
Land5.84 Acres
% Leased: 95%Square Feet: 54,560Access Data Room
54,560 SF Grocery Anchored Opportunity
overview of deal

Overview

Colliers is pleased to exclusively offer the opportunity to acquire Orchard Hill Square, a 54,560 SF, 95% leased, grocery anchored neighborhood shopping center located in Staunton, VA. The asset is attractively positioned as Food Lion recently executed a 10-year renewal, The University of Virginia Health System occupies a Jr anchor position, and the development is shadow anchored by popular discount retailer TJ Maxx. This regional location is situated at the intersection of Interstates 81 and 64, and the property sits along the strong retail corridor of Rt 11 (Lee-Jackson Hwy). Furthermore, there is significant upside in the actionable opportunity to reposition or redevelop the outparcel strip.

 

The committed grocery, medical and discount tenant mix, value-add opportunities, and the strategic location of the property and submarket make Orchard Hill Square an excellent investment opportunity

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Investment Highlights

  • Stable & Tenured Grocery-Anchored Shopping Center
  • Strong line-up of Traffic Driving and Desirable Co-Tenants
  • Stable Rent Roll with Actionable Value-Add Opportunity
  • Strategic Location
  • Recent Improvements Limiting Future CapEx Outlay
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11 Orchard Hill CirStaunton, VA 24401

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Listing provided by Revere CRE