Anchored Shopping
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4905-4995 Nine Mile Road, Richmond, VA 23223
Newly constructed retail center with national tenants, multiple anchors, and a diversified tenant mix.
Property Size117,773 SF
Days on Market145
Property Features for 4905-4995 Nine Mile Road
General Information
Standard status
Active
Size
117,773 SF
Property subtype
Retail
Occupancy
91%
Site & Location
Anchor Co-Tenants
Conn's, Planet Fitness, Walmart Supercenter
Highway Access
Yes
Building Details
Year Built
2017
Tenancy
Multi
Listing Agency:
Colliers - Richmond, Virginia
Listed By:
Mark Williford · License #CO FA100036567
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 7:36AM
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 Colliers - Richmond, Virginia
Investment Insights
Based on property information with market context.
Eastgate Town Center is a 117,773-square-foot shopping center completed through a ground-up redevelopment in 2017. The property is 91.4% occupied and includes Conn’s and Planet Fitness as anchors, with Walmart Supercenter serving as a shadow anchor. Nearly 70% of the space was pre-leased to national corporate tenants, and the center features a diversified retail mix.
The property is located less than 6 miles from Downtown Richmond in the East End sub-market. It fronts the Laburnum Avenue and Nine Mile Road corridors, which carry 28,000 VPD and 20,000 VPD, respectively, with access to I-64 at 85,000 VPD. Weighted average lease term is 7.9 years, with outparcel flexibility and remaining lease-up also identified as property features.
The property is located less than 6 miles from Downtown Richmond in the East End sub-market. It fronts the Laburnum Avenue and Nine Mile Road corridors, which carry 28,000 VPD and 20,000 VPD, respectively, with access to I-64 at 85,000 VPD. Weighted average lease term is 7.9 years, with outparcel flexibility and remaining lease-up also identified as property features.
Key Highlights
- 117,773‑square‑foot shopping center redeveloped through ground‑up construction and completed in 2017
- 91.4% occupied with a 7.9‑year weighted average lease term
- Anchored by Conn’s and Planet Fitness, with Walmart Supercenter as a shadow anchor
Property Analytics
Current Use
Lease Details
91.4%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23223, VA
51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Retail in Richmond, VA
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Similar Off Market Nearby
- Eastgate Town Center — 5305-5399 Nine Mile Rd, Richmond, VA 23223
- Eastgate Town Center — 4805 Nine Mile Rd #4847, Richmond, VA 23223
- Fairfield Shoppers World — 5206 Nine Mile Rd, Richmond, VA 23223
Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed retail center with national tenants, multiple anchors, and a diversified tenant mix.
Where is this shopping center located?
The property is located at 4905-4995 Nine Mile Road Richmond, VA.
What are key features of this property?
This property features: 117,773‑square‑foot shopping center redeveloped through ground‑up construction and completed in 2017; 91.4% occupied with a 7.9‑year weighted average lease term; Anchored by Conn’s and Planet Fitness, with Walmart Supercenter as a shadow anchor
