For Sale
Call for price
5206 Chamberlayne RdRichmond, VA 23227
High-Occupancy Grocery-Anchored Center
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 111
Highlights
- Strong grocery anchor tenant, Food Lion, with a lease extending to January 2030 and high national and state foot traffic rankings.
- Diverse tenant mix including discount retailers (Dollar General, CitiTrends, Rainbow) and service businesses (restaurants, salons, health clinic).
- High customer loyalty, with over 58% of visits in the past year from repeat customers (20+ visits).
- Excellent demographics: 73,000 residents within a 3-mile radius and 238,000 within 5 miles, with average household incomes exceeding $90,000.
- Significant upside potential: Projected 84% occupancy by February 2025, offering over 26,000 SF of leasable space for substantial revenue growth (estimated 28% increase, ~$550,000).
Property Details for 5206 Chamberlayne Rd
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 163,008 SF
- Year Built/Renovated
- 1963/2012
- Lot Size (sq. ft)
- 705,236 SF
Location Insight
- City
- Richmond
- County
- Henrico
- State
- Virginia
- Latitude
- 37.6037464
- Longitude
- -77.4519111
5206 Chamberlayne Rd, Richmond, Virginia
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