5700-5760 Hopkins Rd - Storefront FOR SALE
Richmond, VA 23234 |
$23,000,000 USD
415-274-2702
5700-5760 Hopkins Rd
Richmond, VA 23234
HIGHLIGHTS
- Walmart Neighborhood Market anchors the center on a long term ground lease
- Marshalls (TJX) and Burlington recently signed 10 year leases and are now open for business
- Marshalls is a relocation from nearby Meadowdale Center, demonstrating the strength of the subject property’s prime location within the trade area
- Two outparcel buildings (NAP) have recently signed new leases, further underscoring the strong tenant demand for the property
- New national QSR currently under development at the hard corner (may be available separately; contract Broker for more details)
- Meadowbrook Plaza attracted 2 million visitors last year, prior to Marshalls and Burlington opening for business (source: Placer.ai)
OVERVIEW
Meadowbrook Plaza is Anchored by Walmart Neighborhood Market and recently added Burlington and Marshalls to the tenant roster. Marshalls relocated from Meadowdale Center, the nearest competing grocery anchored center. The center has undergone major recent renovations, including new roofs, structural work, new signage and facade.
FOR SALE DETAILS
PRICE
$23,000,000 USD
PRICE/SF
$141 USD /SF
CAP RATE
6.98%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Meadowbrook Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
323
LAND DETAILS
LAND ACRES
13.13 AC
LAND SF
571,943 SF
ZONING
C-3
APN/PARCEL ID
-
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415-274-2702
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415-274-2702
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