Berkeley Capital Advisors is pleased to exclusively present the opportunity to acquire Ivy Market Shops (the “Property”), a 6,949 SF retail center located in Roanoke, VA. This property features notable tenants such as First Watch and Taziki’s, and is strategically positioned adjacent to a large medical facility that serves over 500 patients daily.
Ivy Market enjoys a prime location on Franklin Rd SW, which sees a traffic volume of 35,000 vehicles per day and is just 2.1 miles from Downtown Roanoke. The center attracts a significant customer base, especially those leaving downtown in search of groceries or dining options. Within a 6-minute drive, there are six medical institutions, including Carilion Roanoke Memorial Hospital and Carilion Clinic, contributing to a robust daytime population.
The Earth Fare (shadow) at Ivy Market is a top performer, ranking 3rd nationally within its chain according to Placer.ai. Roanoke continues to experience growth and has been recognized as the No. 1 most affordable city on the East Coast, positioning Ivy Market for a successful future.