5620 Hull StRichmond, VA 23224
Hull Street Marketplace
Asset ClassRetail
Overview
Matthews™ is pleased to offer the opportunity to acquire Hull Street Marketplace - a ±44,440 SF shopping center
located in Richmond, VA. The center is anchored by a strong mix of local and regional tenants including Virginia’s #1
grocer by market share – Food Lion, and Family Dollar.
Investment Highlights
- Anchored by an established Food Lion – Virginia’s #1 grocer by market share (over 42%) – providing the neighborhood with a valuable and proven necessity-based shopping draw.
- Well-situated at the signalized intersection of Swanson Drive & Hull Street, and less than a mile from McGuire Veterans Hospital.
- Located in Richmond, in the ever-expanding Central MSA – a thriving market, which continues to be at the top of the list for investors targeting retail assets in the Mid-Atlantic.
- Tenant roster is comprised of 2 national credit retailers, Food Lion and Family Dollar, which sits freestanding.
- With roughly 8 years of remaining lease term, Food Lion reports very strong sales of $550/sf.
- A potential upside component of a separately available pad site in front under separate ownership.
- Strong, growing trade area (out to 5+ miles) with an average household income of $94,776.
5620 Hull StRichmond, VA 23224
Contact
Edward LaycoxExecutive Vice President
License #: License No. 5014702 (MD) 221073 (NC) 0225094421 (VA) B230300924 (WV) ABR006599 (PA) BR98373888 (DC)
(240) 752-0035ed.laycox@matthews.comListing provided by LightBox Revere