Fully Occupied Strip Retail
For Sale
$3,343,192
3543 Lankford Hwy, Exmore, VA 23350
Fully occupied strip retail portfolio in Exmore, VA with national tenants including Verizon, Advance Auto Parts, and Virginia ABC.
Property Size12,412 SF
Price / SF$269.35
Days on Market48
Property Features for 3543 Lankford Hwy
General Information
Standard status
Active
Size
12,412 SF
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
7.52%
Traffic Count
17,000 vehicles/day
Amenities
Situated Along Eastern Shore's Primary Artery with 17,000 VPD
Regionally Attractive Location with Wide Trade Radius
Synergy with Neighboring Food Lion, Ace, Walgreens, and Family Dollar
100% Occupied National Tenant Strip Center
Building Details
Building Size
12,412 SF
Year Built
2024
Buildings
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 12 at 3:37AM
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.
Marcus & Millichap is pleased to offer a fully occupied retail portfolio in Exmore, Virginia on the Eastern Shore of the Delmarva Peninsula. The portfolio includes two retail properties totaling 12,412 square feet and is 100% occupied by three established national tenants: Virginia ABC, Verizon, and Advance Auto Parts. The primary building is 6,912 square feet, situated on approximately 0.82 acres, and was built in 2024.
The property benefits from prominent frontage along Lankford Highway (U.S. Route 13) with approximately 17,000 VPD. This stretch of the highway serves as the sole north-south transit route for the region, capturing both local daily traffic and seasonal beach traffic, as well as transient traffic traveling between Virginia Beach/Norfolk and points north toward Maryland and Delaware.
Tenants in the portfolio benefit from a combination of strategic placement and established demand drivers in the Eastern Shore trade area, supporting ongoing operations for this fully leased retail mix.
The property benefits from prominent frontage along Lankford Highway (U.S. Route 13) with approximately 17,000 VPD. This stretch of the highway serves as the sole north-south transit route for the region, capturing both local daily traffic and seasonal beach traffic, as well as transient traffic traveling between Virginia Beach/Norfolk and points north toward Maryland and Delaware.
Tenants in the portfolio benefit from a combination of strategic placement and established demand drivers in the Eastern Shore trade area, supporting ongoing operations for this fully leased retail mix.
Key Highlights
- 100% occupied retail portfolio with Virginia ABC, Verizon, and Advance Auto Parts
- Two‑property portfolio totals 12,412 SF
- 6,912 SF building on approximately 0.82 acres, built in 2024
Property Analytics
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Current Use
Lease Details
17,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied strip retail portfolio in Exmore, VA with national tenants including Verizon, Advance Auto Parts, and Virginia ABC.
Where is this strip mall located?
The property is located at 3543 Lankford Hwy Exmore, VA.
What is the asking price?
The asking price for this property is $3,343,192.
What are key features of this property?
This property features: 100% occupied retail portfolio with Virginia ABC, Verizon, and Advance Auto Parts; Two‑property portfolio totals 12,412 SF; 6,912 SF building on approximately 0.82 acres, built in 2024
