Fresh Market-Anchored Retail
For Sale
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1505-1527 N Parham Rd, Richmond, VA 23229
Retail shopping center anchored by The Fresh Market with inline vacancy and two single-tenant pads included on-site.
Property Size100,807 SF
Days on Market185
Property Features for 1505-1527 N Parham Rd
General Information
Standard status
Active
Size
100,807 SF
Property subtype
RETAIL
Occupancy
88%
Listing Agency:
JLL | Washington DC
(202) 719-5000
Listed By:
Jordan Lex · License #DCSP98373803
(202) 533-2517
Source:
Moodyscre
Added: Mar 12
Changed: Sep 11
Last Checked: Sep 12 at 4:50AM
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 JLL | Washington DC
Investment Insights
Based on property information with market context.
This for-sale retail shopping center is anchored by The Fresh Market, which recently exercised a five-year renewal option. The property also includes 12% vacancy (11,600 SF) with inline rents described as below-market, creating the opportunity for income growth. A weighted-average lease term of 4.2 years is in place, providing near-term stability alongside future rent roll control.
Approximately 72% of base rental revenue is generated by national retailers. Two separately parceled, single-tenant pads on the site are occupied by Chick-fil-A and Hangry Joe's Hot Chicken.
The center is located adjacent to the ongoing redevelopment of the 50-acre, mixed-use Regency Square Mall, as well as a Walmart Supercenter.
Approximately 72% of base rental revenue is generated by national retailers. Two separately parceled, single-tenant pads on the site are occupied by Chick-fil-A and Hangry Joe's Hot Chicken.
The center is located adjacent to the ongoing redevelopment of the 50-acre, mixed-use Regency Square Mall, as well as a Walmart Supercenter.
Key Highlights
- 12% vacancy (11,600 SF) with below‑market inline rents—potential to grow NOI by $703,073
- Anchored by The Fresh Market, which recently exercised a 5‑year renewal option
- 4.2 years weighted‑average lease term for near‑term stability
Property Analytics
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Current Use
Lease Details
88%
Occupancy
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23229, VA
34,471
Population
14,210
Households
2.4
Avg Household Size
40
Median Age
59%
College-Educated
92%
High-School Grad
14.0 sq mi
ZIP Area
2,462
Density / Sq Mi
$102,415
Median Household Income
$51,442
Median Earnings
$1,385
Median Rent
$468,800
Median Home Value
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Market
Vacancy Rate% for Retail in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center anchored by The Fresh Market with inline vacancy and two single-tenant pads included on-site.
Where is this shopping center located?
The property is located at 1505-1527 N Parham Rd Richmond, VA.
What are key features of this property?
This property features: 12% vacancy (11,600 SF) with below‑market inline rents—potential to grow NOI by $703,073; Anchored by The Fresh Market, which recently exercised a 5‑year renewal option; 4.2 years weighted‑average lease term for near‑term stability
