Kroger Shadow Retail Strip Center
7,440 SF | 100% Leased | Retail Building | Chesapeake, VA 23320 | $3,634,315 ($488/SF) | 6.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,634,315
- Property Type
-
Retail
- Square Feet
- 7,440 SF
- Price / Square Foot
- $488
Listing Contacts
Doug Aronson
Verified Profile
Carter Wells
Verified Profile
- Property Info
Property Overview
This fully leased, 3-tenant strip center contains approximately 7,440 SF on 1.47 AC and sits at the entry way to a 254,000 SF retail power center anchored by Kroger Marketplace, Dick's House of Sport, Five Below, HomeGoods and other national retailers. The property shares access with a freestanding Starbucks and a Valvoline Instant Oil Change.
Access is directly off the I-64 North Battlefield Boulevard exit (37,000 VPD) with strong visibility from the feeder roads that lead into and out of Greenbrier Square Shopping Center.
Access is directly off the I-64 North Battlefield Boulevard exit (37,000 VPD) with strong visibility from the feeder roads that lead into and out of Greenbrier Square Shopping Center.
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Freestanding
- Lot Size (sq. ft)
- 64,033 SF
Highlights
- Kroger Shadow Retail Strip Center.
- 100% leased.
- Upside in rent rollover. 7.14% Cap Rate in 2025.
- E-Commerce Resistant Tenant Mix.
- Easy access of I-64.
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