Building Details

Tenancy Multi

Listing Agency: The Katsias Company c***@katsias.com Show Phone

Listed By: John Katsias · License #0225058745 Show Phone

Source: Moodyscre

Added: Feb 12 Changed: Jul 25 Last Checked: Jul 29 at 1:53PM

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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 The Katsias Company

Investment Insights

Based on property information with market context.

This retail storefront space is located within a shopping center anchored by Dollar Tree and Family Dollar. The property is in the middle of a total renovation, with the facade nearly complete, and a newly renovated parking lot slated to be coming soon. A delivery tenant improvement package is being offered for qualified tenants, and the center includes Advanced Auto as the Vanilla Shell delivery tenant.

The center is located near the intersection of Indian River Road and South Military Highway, with quick access to I-64, I-264, and I-464. Dollar Tree is identified as the newest tenant opening in fall 2024.

The center’s current improvements are focused on exterior presentation and parking, supporting a refreshed retail setting for incoming tenants.

Key Highlights

• Located near the intersection of Indian River Road and South Military Highway
• Quick access to I‑64, I‑264, and I‑464
• Anchored retail tenants include Dollar Tree and Family Dollar

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Electrical Service

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

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

383

Businesses Nearby

71k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 47%

McDonald's Dining

20,639 visits/mo 0.2 miles

7-Eleven Shops & Services

11,548 visits/mo 0.2 miles

Popeyes Louisiana Kitchen Dining

9,107 visits/mo 0.0 miles

Family Dollar Shops & Services

7,546 visits/mo 0.1 miles

7-Eleven Shops & Services

6,462 visits/mo 0.5 miles

Demographics for 23325, VA

17,601

Population

7,860

Households

2.2

Avg Household Size

38

Median Age

28%

College-Educated

91%

High-School Grad

3.8 sq mi

ZIP Area

4,632

Density / Sq Mi

$73,666

Median Household Income

$39,943

Median Earnings

$1,437

Median Rent

$262,600

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

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Frequently Asked Questions

What type of property is this?

Shopping center - Anchored by Dollar Tree and Family Dollar with a renovation underway and a tenant improvement package offered for qualified tenants.

Where is this shopping center located?

The property is located at 4303-4361 Indian River Rd Chesapeake, VA.

What are key features of this property?

This property features: Located near the intersection of Indian River Road and South Military Highway; Quick access to I‑64, I‑264, and I‑464; Anchored retail tenants include Dollar Tree and Family Dollar