804-344-7140
1070 Virginia Center Pky, Glen Allen, VA for Sale
Storefront - FOR SALE
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1070 Virginia Center Pky
Glen Allen, VA 23059


HIGHLIGHTS

  • Fully leased, triple net strip center with proven operating history and WALT of 5.0 years
  • Conveniently located along major internal artery Brook Road (Route 1) just 0.5 miles from the heavily traveled I-95 & I-295 interchange
  • Situated within the larger Virginia Center Station retail development, offering tenants generous pylon signage & multiple points of ingress & egress
  • Benefits from historically solid market fundamentals and proximity to big box retail traffic generators with the Virginia Center Trade area
  • A mile away from the recently opened Henrico Sports & Events Center & the ongoing mixed-use redevelopment of the rest of the former VCC Mall
  • Weighted average tenure of 8.1 years among the top four largest tenants

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 1070 Virginia Center Parkway (the “Property”), a fully leased, triple net strip center boasting a proven operating history and a WALT of 5.0 years. Strategically situated along the bustling Brook Road (Route 1), a mere 0.5 miles from the heavily traversed I-95 & I-295 interchange, the Property offers unparalleled convenience and exposure. Featuring a diverse tenant mix including nationally recognized brands such as Chipotle, MattressFirm, and SportsClips, the Property thrives within the vibrant Virginia Center Station retail development. Tenants benefit from generous pylon signage and multiple points of ingress and egress, capturing the attention of over 35,000 passing cars daily. Moreover, the Property enjoys robust market fundamentals and proximity to major retail traffic generators within the Virginia Center Trade area, including Publix, Ross Dress for Less, Best Buy, Michael’s, and Dick’s Sporting Goods. This prime location ensures sustained foot traffic and consumer interest, enhancing the investment’s long-term viability. The property enjoys exceptional market demographics, boasting an average household income exceeding $116,000 and nearly 28% of the population holding Bachelor’s degrees within a three-mile radius. Notably, the Property is strategically positioned just one mile from the Henrico Sports & Events Center—a $50 million state-of-the-art complex currently under development between a public/private partnership with Henrico County. The asset also sits adjacent to the ongoing redevelopment of the former Virginia Center Commons Mall, a transformative mixed-use development breathing new life into the immediate trade area. In addition, a seven-acre office park site nearby is slated for redevelopment into a five-story, 279-unit apartment building.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

4.89 AC

LAND SF

213,008 SF

ZONING

M1

APN/PARCEL ID

784-768-1805

ASK ABOUT THIS PROPERTY

Catharine SpanglerCushman & Wakefield | ThalhimerMore Info
804-344-7140

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Catharine SpanglerCushman & Wakefield | ThalhimerMore Info
804-344-7140

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.