National Tenant Strip
For Sale
Contact for pricing
3527 LANKFORD HWY, Exmore, VA 23350
100% occupied strip center on Eastern Shore’s primary artery with strong regional draw and listed daily vehicle volume.
Property Size5,500 SF
Price / SF$226.03
Days on Market51
Property Features for 3527 LANKFORD HWY
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$99,455
Building Details
Year Built
1996
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 6:13PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This offering is a national tenant strip center that is reported as 100% occupied. The property is positioned as a single retail asset within the strip-mall configuration, with the presentation geared toward tenants seeking a stable, credit-oriented retail environment.
Located along the Eastern Shore’s primary artery in Exmore, Virginia, the center benefits from visibility and access to an estimated 17,000 vehicles per day (VPD). The marketing materials also describe a wide trade radius supporting regional customer draw.
For buyers and retail operators evaluating a smaller-format retail acquisition, the key underwriting anchor presented here is occupancy, along with the tenant mix described as high credit and national. The remarks further note the presence of a state-backed liquor monopoly, which is relevant for understanding the expected tenant draw within the center. Overall, the property is best suited to stakeholders seeking a compact, occupied strip-center asset with established retail traffic along a main roadway corridor.
Located along the Eastern Shore’s primary artery in Exmore, Virginia, the center benefits from visibility and access to an estimated 17,000 vehicles per day (VPD). The marketing materials also describe a wide trade radius supporting regional customer draw.
For buyers and retail operators evaluating a smaller-format retail acquisition, the key underwriting anchor presented here is occupancy, along with the tenant mix described as high credit and national. The remarks further note the presence of a state-backed liquor monopoly, which is relevant for understanding the expected tenant draw within the center. Overall, the property is best suited to stakeholders seeking a compact, occupied strip-center asset with established retail traffic along a main roadway corridor.
Key Highlights
- 100% occupied national tenant strip center
- Situated along the eastern shore’s primary artery with 17,000 VPD
- Year built 1996
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Electronics 14%
Hotels & Casinos 6%
Groceries 6%
Dollar Tree
Shops & Services
7,848 visits/mo
0.1 miles
Dollar General
Shops & Services
5,985 visits/mo
0.2 miles
Verizon
Electronics
2,513 visits/mo
0.1 miles
Holiday Inn Express & Suites Exmore - Eastern Shore
Hotels & Casinos
1,120 visits/mo
0.2 miles
Virginia ABC
Groceries
1,102 visits/mo
0.1 miles
Demographics for 23350, VA
3,433
Population
1,866
Households
1.8
Avg Household Size
50
Median Age
29%
College-Educated
82%
High-School Grad
32.9 sq mi
ZIP Area
104
Density / Sq Mi
$51,667
Median Household Income
$36,483
Median Earnings
$674
Median Rent
$180,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 100% occupied strip center on Eastern Shore’s primary artery with strong regional draw and listed daily vehicle volume.
Where is this strip mall located?
The property is located at 3527 LANKFORD HWY Exmore, VA.
What is the asking price?
The asking price for this property is $1,243,192.
What are key features of this property?
This property features: 100% occupied national tenant strip center; Situated along the eastern shore’s primary artery with 17,000 VPD; Year built 1996
