Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1967
Building Area
Land Area ()

Property Description

JLL Capital Markets is pleased to exclusively offer for sale Colonial Square, a high-volume Publix-anchored shopping center with a WALT of 8.1 years, as well as significant upside from below-market rents and a potential drive-thru pad site opportunity. The Publix located at the Property boasts the highest sales volumes for the chain in Virginia, driving tremendous shopped traffic as evidenced by the 1.11 million annual store visitors tracked by Placer.AI. 

Investment Highlights

  • Dominant grocery anchor with 1.5% health ratio in 2020
  • New-to-market home improvement junior anchor Locke Supply opening in July
  • 8.1 years of WALT and 17.4 years of average tenant tenure
  • Rents 21% below market
  • Lack of nearby full-format supermarket competition creates an amplified trade area reaching over 79,000 consumers


Last Updated Date: 28 May 2021
Jordan Lex
Jordan Lex
Senior Director, Capital Markets
License details
DC-SP98373803 MD-647016 VA-0225189318
Bill Moylan
Bill Moylan
Managing Director, Capital Markets
License details
DC-AB98377977 VA-AB98377977

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Last Updated Date: 28 May 2021

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