Building Details

Units 2

Tenancy Multi

Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia Show Phone

Listed By: Briggs Cooper · License #0225270854

Source: Crexi

Added: Mar 1 Changed: Aug 10 Last Checked: Aug 10 at 8:56AM

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Investment Insights

Based on property information with market context.

The Pearisburg Shopping Center is a 26,335 SF neighborhood retail center situated on approximately 3.0 acres along Wenonah Avenue, near N. Main Street in Pearisburg, VA. Anchored by Dollar General, which has been operating at this location since 2007 with a lease in place through June 2027 and renewal options, the property offers stable income. There is 17,875 SF of currently available space, presenting a strong value-add lease-up opportunity. The center features 375 parking spaces and out-parcel opportunities, along with two loading docks. Its location is near established national retailers, including Tractor Supply, Food Lion, Walgreens, and Napa. This asset is offered for sale.

Key Highlights

• Anchored by Dollar General through June 2027, offering stable income.
• Significant value‑add opportunity with 17,875 SF available.
• Offered at $870,000 with potential lease at $8.00 NNN.

Property Analytics

Property Profile

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

337

Businesses Nearby

27k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 57% Shops & Services 43%

Food Lion Grocery Store Groceries

15,529 visits/mo 0.4 miles

Dollar General Shops & Services

4,064 visits/mo 0.1 miles

Truist Shops & Services

3,418 visits/mo 0.1 miles

76 Shops & Services

3,349 visits/mo 0.4 miles

Napa Auto Parts Shops & Services

937 visits/mo 0.2 miles

Demographics for 24134, VA

5,638

Population

2,627

Households

2.1

Avg Household Size

44

Median Age

14%

College-Educated

94%

High-School Grad

104.2 sq mi

ZIP Area

54

Density / Sq Mi

$63,550

Median Household Income

$50,926

Median Earnings

$829

Median Rent

$157,200

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

Questions? Ask Rey

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Similar Off Market Nearby

• Maxway Shopping Center — N Main St, Pearisburg, VA 24134

Frequently Asked Questions

What type of property is this?

Shopping center - 26,335 SF retail center with value-add opportunity.

Where is this shopping center located?

The property is located at 900 Wenonah Ave Pearisburg, VA.

What is the asking price?

The asking price for this property is $870,000.

What are key features of this property?

This property features: Anchored by Dollar General through June 2027, offering stable income.; Significant value‑add opportunity with 17,875 SF available.; Offered at $870,000 with potential lease at $8.00 NNN.