Lewistown Rd And Lakeridge Pkwy, Ashland, VA 23005

Property Details for 0 Lewistown Rd And Lakeridge Pkwy

Lot size

1.05 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity encompasses a portfolio of four prime retail assets totaling 500,000 square feet situated within the vibrant Winding Brook development in Ashland, Virginia. Located in Hanover County, this property benefits from convenient access to I-95 and is just three miles north of I-295, ensuring high visibility and accessibility. The portfolio includes a diverse range of properties, showcasing a strong mix of established tenants. Key holdings include a 55,000-square-foot Hobby Lobby situated on a five-acre parcel, a 2,500-square-foot Starbucks on 1.06 acres, and a 10,056-square-foot Boot Barn on 1.05 acres. Additionally, there's a significant 11.25-acre parcel of retail land available for value-add development. The larger Winding Brook development is a 185-acre mixed-use project featuring a variety of retail, restaurant, entertainment, industrial, hospitality, and residential components. This creates a synergistic environment that drives traffic and enhances the value of the retail properties. Current co-tenants include a diverse range of well-known brands such as Bass Pro Shops, Islamorada Fish Company Restaurant, Country Inn & Suites, Fairfield Inn & Suites, Wendy's, Bojangles, Subway, Dunkin' Donuts, and Green Top Indoor Shooting Range, among others. This portfolio presents a compelling investment opportunity with strong existing tenants and significant potential for future growth within a thriving mixed-use development. The total land area across the portfolio ranges from 1.05 to 5 acres.

Location Insight

City

Ashland

County

Hanover

State

Virginia

Longitude

-77.4533

Latitude

37.7192