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Walmart-Anchored Shopping Center
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4905 Nine Mile Rd, Richmond, VA 23223

Regional retail center with diverse tenancy and a Walmart Supercenter shadow anchor.

Property Size117,773 SF
Days on Market143

Property Features for 4905 Nine Mile Rd

General Information

Standard status Active
Size 117,773 SF
Property subtype Retail
Occupancy 97%

Additional Details

Anchor Co-Tenants Walmart Supercenter

Building Details

Tenancy Multi
Listing Agency: Colliers - Richmond, Virginia
Listed By: Mark Williford · License #CO FA100036567
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 6:01AM

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 newly constructed regional shopping center comprising 117,773 square feet of retail space. The property is 97.4% leased and features a diverse tenant mix supported by a Walmart Supercenter shadow anchor. Weighted average lease term is 5.95 years.

The center is located at 4905 Nine Mile Rd in Richmond’s East End, less than 6 miles from Downtown Richmond and north of Interstate 64. The Walmart Supercenter is identified as the only Walmart Supercenter in the City of Richmond.

Key Highlights

  • 117,773‑square‑foot regional shopping center
  • 97.4% leased with a weighted average lease term of 5.95 years
  • Shadow anchored by a Walmart Supercenter

Property Analytics

Current Use

Eastgate Tobacco and Vape (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Law Firm

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

97.4%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby
Balanced
Demand for This Use

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

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025
Rey
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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 - Regional retail center with diverse tenancy and a Walmart Supercenter shadow anchor.
Where is this shopping center located?
The property is located at 4905 Nine Mile Rd Richmond, VA.
What are key features of this property?
This property features: 117,773‑square‑foot regional shopping center; 97.4% leased with a weighted average lease term of 5.95 years; Shadow anchored by a Walmart Supercenter
More about this property
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