Spring Centre Shopping
For Sale
Contact for pricing
Pending
7138 Mechanicsville Turnpike, Mechanicsville, VA 23111
Multi-tenant retail center along a primary Mechanicsville corridor near Interstate 295.
Property Size28,132 SF
Days on Market142
Property Features for 7138 Mechanicsville Turnpike
General Information
Standard status
Pending
Size
28,132 SF
Property subtype
Retail
Site & Location
Traffic Count
46,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed By:
Catharine Spangler · License #VA 0225196994
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:49AM
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 Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Investment Insights
Based on property information with market context.
Spring Centre is a 28,132 SF shopping center with 11 tenants at 7138 Mechanicsville Turnpike in Mechanicsville, Virginia. The center is positioned along Mechanicsville Turnpike, the submarket’s principal commercial corridor, with access to Interstate 295 less than one mile away.
Walmart Supercenter, Target, Kohl’s, and Lowe’s Home Improvement are identified as nearby retail demand drivers. Mechanicsville High School and Bell Creek Middle School are less than a quarter mile from the property and together serve more than 2,000 students. Average tenant tenure exceeds four years, while the surrounding retail submarket has maintained occupancy above 95% for more than a decade. In-place weighted average rent is 14% below the market weighted average rent, and no more than 26% of GLA expires in any given year.
Walmart Supercenter, Target, Kohl’s, and Lowe’s Home Improvement are identified as nearby retail demand drivers. Mechanicsville High School and Bell Creek Middle School are less than a quarter mile from the property and together serve more than 2,000 students. Average tenant tenure exceeds four years, while the surrounding retail submarket has maintained occupancy above 95% for more than a decade. In-place weighted average rent is 14% below the market weighted average rent, and no more than 26% of GLA expires in any given year.
Key Highlights
- 28,132 SF shopping center with 11 tenants
- Located on Mechanicsville Turnpike, carrying 46,000 VPD
- Less than one mile from Interstate 295, carrying 86,000 VPD
Property Analytics
Property Profile
Current Use
Lease Details
46,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23111, VA
38,151
Population
15,773
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
77.2 sq mi
ZIP Area
494
Density / Sq Mi
$96,736
Median Household Income
$52,106
Median Earnings
$1,558
Median Rent
$324,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center along a primary Mechanicsville corridor near Interstate 295.
Where is this shopping center located?
The property is located at 7138 Mechanicsville Turnpike Mechanicsville, VA.
What are key features of this property?
This property features: 28,132 SF shopping center with 11 tenants; Located on Mechanicsville Turnpike, carrying 46,000 VPD; Less than one mile from Interstate 295, carrying 86,000 VPD
