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