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Renovating Retail Strip Center
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4303-4361 Indian River Rd, Chesapeake, VA 23325

Anchored by Dollar Tree and Family Dollar, with facade nearing completion and parking lot renovations planned.

Property Size12,400 SF
Days on Market168

Property Features for 4303-4361 Indian River Rd

General Information

Standard status Active
Size 12,400 SF
Property subtype RETAIL

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: The Katsias Company
Listed By: John Katsias · License #0225058745
Source: Moodyscre
Added: Feb 12 Changed: Jul 26 Last Checked: Jul 29 at 3:15PM

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 strip center is being renovated, with the facade almost complete and a total renovation in progress. A newly renovated parking lot is planned to be completed soon, supporting continued customer access. The shopping center is anchored by Dollar Tree and Family Dollar, with an Advanced Auto tenant identified as the newest delivery-based opening for fall 2024. A tenant improvement package is also being offered for qualified tenants.

The property is located near the intersection of Indian River Road and South Military Highway, with quick access to I-64, I-264, and I-464.

Suites here are available for rent within the retail environment and can benefit from the center’s ongoing exterior and parking upgrades.

Key Highlights

  • Located near the intersection of Indian River Road and South Military Highway.
  • Quick access to I‑64, I‑264, and I‑464.
  • New Dollar Tree tenant opening in fall 2024.

Property Analytics

Current Use

Strip malls

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Anchored by Dollar Tree and Family Dollar, with facade nearing completion and parking lot renovations planned.
Where is this strip mall 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.; New Dollar Tree tenant opening in fall 2024.
(757) 472-2648 Call to check price and availability
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