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Roses-Anchored Retail Shopping Center
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883 E 2nd St, Chase City, VA 23924

60,234 SF shopping center is 98% occupied, anchored by Roses with a documented long-term 32-year tenure.

Property Size60,234 SF
Days on Market121

Property Features for 883 E 2nd St

General Information

Standard status Active
Size 60,234 SF
Property subtype Retail
Occupancy 98%

Building Details

Tenancy Multi
Listing Agency: Brookwood Capital Advisors - Hamd
Listed By: Ben Hamd · License #VA 02260227550
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 12:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookwood Capital Advisors - Hamd

Investment Insights

Based on property information with market context.

This retail shopping center totals 60,234 SF and is reported as 98% occupied, offering a stable tenant mix across multiple industries including food service, financial services, and arts & craft. Roses serves as the anchor tenant, with a demonstrated long-term tenure of 32 years.

The property is located in Chase City, Virginia, approximately one hour from Raleigh, NC, and Durham, NC. Brookwood Capital Advisors is marketing the asset as a Roses-anchored center with $243K NOI.

Auction terms are described as selling live Monday, June 27 through June 29 on RI Marketplace, with a requirement to close the deal in 30 days or less and a non-refundable 10% deposit.

Key Highlights

  • 60,234 SF retail shopping center in Chase City, VA
  • 98% occupied with a stable tenant mix across multiple industries
  • Anchored by Roses, a national discount store with placements across 15 states

Property Analytics

Current Use

Roses Express Discount Store Variety Wholesalers Inc Department Store

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Pharmacy Building Supply Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

98%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 50% Dining 43% Groceries 7%
Hardee's Dining
10,325 visits/mo 0.4 miles
Dollar General Shops & Services
5,088 visits/mo 0.2 miles
Citgo Shops & Services
3,958 visits/mo 0.4 miles
Family Dollar Shops & Services
2,374 visits/mo 0.5 miles
SUBWAY Dining
2,121 visits/mo 0.4 miles

Demographics for 23924, VA

5,538
Population
3,323
Households
1.7
Avg Household Size
49
Median Age
17%
College-Educated
86%
High-School Grad
141.4 sq mi
ZIP Area
39
Density / Sq Mi
$43,614
Median Household Income
$39,964
Median Earnings
$743
Median Rent
$122,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - 60,234 SF shopping center is 98% occupied, anchored by Roses with a documented long-term 32-year tenure.
Where is this shopping center located?
The property is located at 883 E 2nd St Chase City, VA.
What are key features of this property?
This property features: 60,234 SF retail shopping center in Chase City, VA; 98% occupied with a stable tenant mix across multiple industries; Anchored by Roses, a national discount store with placements across 15 states
More about this property
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