141 Hillcrest Pkwy Chesapeake, VA

Spaces For Lease

at 141 Hillcrest Pkwy Contact us

Listing office Colliers | Norfolk Show Phone

Listing date Nov 24, 2025

Source Moodyscre

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 Colliers | Norfolk

Report an issue

---

Investment Insights

Based on property information with market context.

This 10,903 SF retail strip center, built in 2006, is 100% occupied and anchored by Sherwin-Williams. The property is offered for sale at $4,760,000, presenting a 6.5% cap rate based on the scheduled year one net operating income. The tenant mix includes Sherwin-Williams (43%), Crave Bakery and Coffee Bar (28%), Mystic Spa (15%) and Cristaldo’s (13.8%). All leases are NNN and feature scheduled rent increases, with a weighted average lease term of 6.3 years. Sherwin-Williams recently signed a 10-year corporately guaranteed lease for 4,715 SF, expected to be complete in July 2023. Situated on 1.95 acres, the property is part of a Planned Use Development shadow anchored by Home Depot, with other tenants including Taco Bell, WaWa, Wendy’s and Zaxby’s. Located less than a mile south of Chesapeake Expressway (Route 168) and just off South Battlefield Boulevard, the location benefits from combined traffic counts exceeding 57,731 vehicles per day. Multiple curb cuts and one signalized intersection provide good access. The property is well-positioned along a major commercial corridor in the Great Bridge Retail Submarket of Norfolk’s MSA.

Key Highlights

• 6. 5% cap rate based on scheduled year one NOI.
• 100% occupied retail strip center.
• Anchored by investment‑grade tenant Sherwin‑Williams (Baa2/BBB credit rating) with a newly signed 10‑year corporately guaranteed lease comprising 43% of the property.

Property Analytics

Property Profile Location Intelligence

Similar For Rent Nearby

• 

  $2,450/Mo

  1,975 SF

  End Unit Office Retail Suite

  End unit in a small B-2 strip center with office layout, multiple offices, and shared parking.

  335 Centerville Turnpike S, Chesapeake, VA 23322

  View Details
• 

  $900/Mo

  Office Suite with Reception and Offices

  Lease Suite D featuring a reception area, two private offices, and a private bathroom in an established Chesapeake office complex.

  3808 POPLAR HILL Road, CHESAPEAKE, VA 23321

  View Details
• 

  $900/Mo

  Professional Office Suite with Kitchen

  Office suite with reception, conference room, private office, and kitchen, suited for client-facing or small business operations.

  3808 POPLAR HILL Road, CHESAPEAKE, VA 23321

  View Details
• Sponsored

  

  $129-$23,929/Mo

  11-2,174 SF

  Crossways Blvd

  1545 Crossways Blvd, Unit 250, Chesapeake, VA 23320

  View Details
• 

  $7,028/Mo

  7,028 SF

  Signalized-Intersection Retail Storefront

  Retail storefront positioned at a signalized intersection with strong visibility and access within a major Chesapeake retail corridor.

  1405 Greenbrier Pkwy, Chesapeake, VA 23320

  View Details
• 

  $1,200/Mo

  5,000 SF

  Professional Office Suites For Rent

  Office suites in well-established Chesapeake office complex, 500-5,000 sqft.

  2010 Old Greenbrier Road, Chesapeake, VA 23320

  View Details
• 

  $24 SF/Yr

  2,101 SF

  Class A Office Space Available

  Two-story Class A office building in Liberty Executive Park.

  1305 Executive Blvd, Chesapeake, VA

  View Details
• 

  $14 SF/Yr

  12,000 SF

  Greenbrier Office Space Available

  Two-story office building in Chesapeake's Greenbrier area, near I-64.

  2117 Smith Avenue, Chesapeake, VA 23320

  View Details
• 

  $1,200/Mo

  15,000 SF

  Professional Office Suites For Rent

  Well-appointed office suites in established Chesapeake office park.

  2010 Old Greenbrier Road, Chesapeake, VA 23320

  View Details
• 

  $2,790/Mo

  Modern Chesapeake Office Space

  Prime Chesapeake location with modern amenities and customizable office spaces.

  1021 Eden Way N, Chesapeake, VA 23320

  View Details
• 

  $3,725/Mo

  3,200 SF

  Greenbrier Commerce Park Flex Space

  Flex space available in Greenbrier Commerce Park, Chesapeake.

  929 Ventures Way, Chesapeake, VA 23320

  View Details
• 

  $20 SF/Yr

  1,600 SF

  Office Space in Chesapeake

  1,600 SF office space available for lease.

  111 Mill Creek Pkwy, Chesapeake, VA

  View Details

FAQs

What type of property is this?

Strip mall - 10,903 SF retail strip center in Chesapeake, Virginia.

Where is this strip mall located?

The property is located at 141 Hillcrest Pkwy Chesapeake, VA.

What are key features of this property?

This property features: 6. 5% cap rate based on scheduled year one NOI.; 100% occupied retail strip center.; Anchored by investment‑grade tenant Sherwin‑Williams (Baa2/BBB credit rating) with a newly signed 10‑year corporately guaranteed lease comprising 43% of the property.