240 Elizabeth Dr, Stephens City, VA 22655-2764

This exceptional 88,418 square foot shopping center in Stephens City, Virginia, presents a compelling investment opportunity. Boasting 98.6% occupancy, the property comprises two single-story buildings on a 16.08-acre lot, featuring 493 parking spaces. Built in 2006, the center is anchored by a significant grocery store tenant, Martins, occupying 67,157 square feet, complemented by a Martins Gas Pad. Additional national tenants include Domino's, Hair Cuttery, and Edward Jones, ensuring a diverse and stable tenant mix. The property's strategic location in Frederick County, VA, offers excellent visibility and accessibility, situated near major roadways including Fairfax Pike (13,115 AADT) and Interstate 81 (72,218 AADT combined). The surrounding area demonstrates strong demographics, with a 2023 estimated population of 36,243 within a 5-mile radius and an average household income of $113,024. The asking price is $25,000,000, representing a price per square foot of $282.75. This well-maintained, high-performing shopping center offers a secure revenue stream and significant potential for long-term growth. The property consists of 13 units in total. Its proximity to Winchester, VA (population over 142,000), and major metropolitan areas like Washington, D.C. (85 miles) and Baltimore, MD (110 miles), further enhances its investment appeal.