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Fully Occupied Retail Center
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209 Village Ave, Yorktown, VA 23693

Three-building retail center anchored by Riverside Health System.

Property Size42,255 SF
Price / SF$272.16
Days on Market168

Property Features for 209 Village Ave

General Information

Standard status Active
Size 42,255 SF
Class B
Property subtype Retail
Zoning GB - General Business
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $952,461

Building Details

Year Built 1998
Buildings 3
Stories 1
Units 13
Tenancy Multi
Listing Agency: Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed By: Catharine Spangler · License #VA 0225196994
Source: Crexi
Added: Mar 9 Changed: Aug 11 Last Checked: Aug 23 at 2:27AM

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 Cushman & Wakefield Thalhimer - Glen Allen, Virginia

Investment Insights

Based on property information with market context.

The Villages at Kiln Creek is a three-building, fully occupied neighborhood retail center located in Yorktown, Virginia, within the Hampton Roads MSA. The property is shadowed by a high-performing Kroger. Riverside Health System, an investment-grade healthcare provider with an S&P rating of A-, anchors the property, comprising approximately 24% of the gross leasable area. Riverside Health System 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. Recently executed leases validate market rent growth and the center’s leasing profile. The property contains 42,255 square feet of retail space.

Key Highlights

  • 100% occupied neighborhood retail center.
  • Anchored by Riverside Health System (S&P: A-), an investment‑grade healthcare provider.
  • Shadowed by a top performing Kroger.

Property Analytics

Current Use

Yamachen Sushi Restaurant Riverside Primary Care ... Medical Clinic Beverly Anne Brown Physician Leelawattie Bisnauth Physician 1st Franklin Financial Bank

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage Grocery & Convenience Store Accounting Firm Storage Facility

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

Location Intelligence

Trade Area within ½ mile

599
Businesses Nearby
519k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Superstores 28% Shops & Services 13% Groceries 13%
Walmart Superstores
144,062 visits/mo 0.4 miles
Kroger Groceries
65,285 visits/mo 0.2 miles
Chick-fil-A Dining
60,954 visits/mo 0.2 miles
Texas Roadhouse Dining
40,820 visits/mo 0.3 miles
Raising Cane's Chicken Fingers Dining
37,899 visits/mo 0.2 miles

Demographics for 23693, VA

23,814
Population
9,155
Households
2.6
Avg Household Size
41
Median Age
56%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
1,738
Density / Sq Mi
$116,528
Median Household Income
$63,043
Median Earnings
$1,741
Median Rent
$468,400
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
Rey
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM Kroger - Mid Atlantic, 5007 Victory Blvd #2, Tabb, VA 23693
  • Kiln Creek Shopping Center 1215 George Washington Memorial Hwy, Yorktown, VA 23693
  • Pavilion at Kiln Creek 3120 Kiln Creek Pkwy, Tabb, VA 23693
  • Villages At Kiln Creek 119 Village Ave, Yorktown, VA 23693
  • Victory Crossing Shopping Center Newport News, VA 23602

Frequently Asked Questions

What type of property is this?
Shopping center - Three-building retail center anchored by Riverside Health System.
Where is this shopping center located?
The property is located at 209 Village Ave Yorktown, VA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 100% occupied neighborhood retail center.; Anchored by Riverside Health System (S&P: A-), an investment‑grade healthcare provider.; Shadowed by a top performing Kroger.
More about this property
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