540-336-1945
3217-3219 Bridge Rd, Suffolk, VA for Sale
Storefront - FOR SALE
1/3
null | Request Cap Rate

3217-3219 Bridge Rd
Suffolk, VA 23435


HIGHLIGHTS

  • Well Positioned with Grocery Shadow Anchor and Other Traffic Drivers
  • Highly leasable spaces, Including an end-cap drive-thru
  • Attractive Contract Rent Growth
  • Grocery-anchored visibility with strong rent upside in a high-growth, supply-constrained Suffolk submarket
  • Strategic Location with Excellent Accessibility, Population Growth, & Proximity to Major Employers

OVERVIEW

Colliers is pleased to present Bennett’s Creek Shops, a compelling opportunity to acquire a 100% leased, 7,420 SF neighborhood retail center in the fast-growing Northern Suffolk submarket. Shadow anchored by a long-established Food Lion and at the main entrance to the shopping center, the property benefits from exceptional visibility along Bridge Road (Route 17), with approximately 28,000 vehicles per day. This two-tenant strip center offers stable in-place income and NNN lease structures that help minimize landlord responsibilities. Contractual rent bumps in place and both suites leased below market, create meaningful upside through future mark-to-market potential. The asset is surrounded by strong retail, dense residential growth, and major employment drivers, including the Joint Suffolk DoD compound, Bon Secours, Sentara, Sysco Foods, and other regional employers. With high household incomes, limited new supply, multiple full-movement access points, and highly leasable space including an end-cap drive-thru, Bennett’s Creek Shops offers durable cash flow and long-term growth in one of Hampton Roads’ most desirable retail corridors. Additionally, Bennett's Creek Shops can be purchased as a portfolio, with Danville Shops

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

1995

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

GENERAL CO

APN/PARCEL ID

304455100

ASK ABOUT THIS PROPERTY

Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

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Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

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