1150 5Th St Charlottesville, VA 22902
- Added:
- Dec 11, 2024
- Days on Market:
- 394
Property Features for 1150 5Th St
General Information
- Property type
- Individual retail properties
- Square Feet
- 5,200 SF
- Class
- A
- Lot Size
- 79,715 SF
Building Details
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
HighLights
- Iconic Charlottesville location at I‑64 & 5th Street Station, a 475,000 SF retail center anchored by Wegmans.
- High barriers to entry; limited comparable developable sites in Charlottesville/Albemarle County.
- Excellent access to UVA, Downtown Charlottesville, and I‑64.
- New 20‑year ground lease with Wawa, including 10% rent escalations every five years.
- Investment‑grade tenant Wawa (Fitch: BBB) with over 1,000 locations and $19B in annual revenue.
- Strong market with affluent demographics and consistent population & rent growth.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Albemarle
- State
- Virginia
- Longitude
- -78.502431078702
- Latitude
- 38.012298171004