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Freestanding Grocery and Convenience Store
New
For Lease
$16.09 SF/Yr

5221 Brook Road, Richmond, VA 23227

Sublease opportunity in a freestanding building with ample parking and access from two roads.

Space Size41,117 SF
Lot Size6.24 Acres
Days on Market3

Property Features for 5221 Brook Road

General Information

Standard status Active
Size 41,117 SF
Net Rentable 41,117 SF
Lot size 6.24 Acres
Property subtype Retail

Space & Availability

Available Space 41,117 SF
Contiguous Space 41,117 SF
Space Use Grocery
Sublease Yes

Lease Terms

Lease Rate $16.09 /USD/SF/YR
Monthly Rent $55,131
Rent per SF/Year $16.09

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 41,117 SF
Tenancy Single
Listing Agency:
Listed By: Pam Strieffler
Source: Cbre
Added: Aug 14 Changed: Aug 15 Last Checked: Aug 16 at 7:04AM

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 Pam Strieffler

Investment Insights

Based on property information with market context.

The property comprises a 41,117-square-foot freestanding building on 6.24 acres, offered through a sublease that expires 08/11/2035. The space was formerly operated as a Walmart Neighborhood Market and includes ample parking. A fuel station associated with the property is scheduled for removal.

Access is available from Brook Road and W Seminary Avenue, with connectivity to I-95. The surrounding area includes a Wawa reporting an average of 98,700 visitors monthly and the Westminster Canterbury Retirement Community at Brook Road and Azalea Avenue, which is home to over 800 residents.

Key Highlights

  • 41,117‑square‑foot freestanding building on 6.24 acres
  • Sublease opportunity expires 08/11/2035
  • Former Walmart Neighborhood Market

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Restaurant Kitchen & Bath Showroom

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

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.41 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,236
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23227, VA

25,283
Population
13,351
Households
1.9
Avg Household Size
45
Median Age
47%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,199
Density / Sq Mi
$70,537
Median Household Income
$45,315
Median Earnings
$1,306
Median Rent
$329,700
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
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Sublease opportunity in a freestanding building with ample parking and access from two roads.
Where is this grocery and convenience store located?
The property is located at 5221 Brook Road Richmond, VA.
What is the lease rate?
The lease rate is $16.09 SF/Yr.
What are key features of this property?
This property features: 41,117‑square‑foot freestanding building on 6.24 acres; Sublease opportunity expires 08/11/2035; Former Walmart Neighborhood Market
More about this property
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