THE VILLAGES AT KILN CREEK Retail FOR SALE


Yorktown, VA
$11,500,000 USD
804-344-7140
, Yorktown, VA for Sale
$11,500,000 USD
Retail - FOR SALE
1/8
null | 8.28% Cap Rate

THE VILLAGES AT KILN CREEK
Yorktown, VA


HIGHLIGHTS

  • Anchored by the highest-trafficked Kroger in the Hampton Roads region.
  • Located along Victory Boulevard with signalized access and strong visibility.
  • Diverse tenant mix including retail, dining, and medical office users.
  • Positioned two minutes from Interstate 64, offering regional connectivity.
  • Ample on-site parking with 553 spaces to accommodate customer demand.

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to present The Villages at Kiln Creek (the Property), a three-building, 100% occupied neighborhood retail center shadowed by a top performing Kroger in Yorktown, Virginia, within the larger Hampton Roads MSA. The Property is anchored by Riverside Health System (S&P: A-), an investment-grade healthcare provider comprising approximately 24% of the GLA that recently renewed its lease in 2023. The asset features a diverse, service oriented tenant roster with a staggered lease expiration schedule and attractive net lease structures. The Villages at Kiln Creek has a weighted average remaining lease term of over 4.0 years, which is attractive for second- and third-generation space, while providing mark-to-market rental upside as tenants approach the end of contractual option periods. Recently executed leases further validate market rent growth and the center’s as-is leasing profile. Strategically positioned along the Victory Boulevard corridor with approximately 37,000 VPD and convenient access to Interstate 64, the Property serves a dense surrounding residential base and is shadowanchored by the highest-performing Kroger in Hampton Roads, ranked in the 88th percentile statewide. Additionally, the multi-building configuration offers future ownership the potential opportunity to subdivide and reduce basis. Combined with the center’s e-commerce resistant tenant base, these attributes create a compelling, riskmitigated investment opportunity supported by durable cash flow and strong real estate fundamentals.

ASK ABOUT THIS PROPERTY

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

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

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

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