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Shopping Strip

Walmart Shadow Center

7373 Peppers Ferry Blvd, Radford, VA 24141

Listing Price: $5,130,000

Cap Rate
7.00%
Gross SF
30,151
Rentable SF
30,151
Price/Gross SF
$170.14
Lot Size
3.82 acres
Year Built
1999

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 30,151 SF Walmart Supercenter shadow anchored retail center located in Radford, VA • The property is 92% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as CATO, Sally Beauty Supply, Subway, and more • Stable Tenant History | Average Tenant Tenure: 13+ Years • Leasing Momentum | 2 New Leases & 5 Renewals since 2020 STRATEGIC LOCATION • The property is positioned just at the intersection of Peppers Ferry Road & Lee Hwy (36,000 Combined VPD) • The center is shadow anchored by a high-performing Walmart since 1999 | Walmart owns the Walmart • The property is also next to Lowe’s Home Improvement and other surrounding tenants include Kroger, Rural King, Aaron’s, Badcock, Pizza Hut, O’Reilly, Taco Bell, and many more • Property is just 3 miles down the road from the Radford Army Ammunition Manufacturing Plant for the US Military, a 7,000-acre manufacturing facility that has employed up to 23,000 individuals anytime DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • This shopping center is the largest and busiest center in a 15-Mile Radius • Radford Plaza sees 1.5M annual visits • Property pulls from a 20+ mile Trade Area RADFORD, VA • Radford is an independent city in the state of Virginia • Radford is home to Radford University with 11,870 students • The city is less than 2 0 minutes f rom Virginia Tech, Virginia’s second largest University with 37,000+ students • The city is south of Ne w River Gorge National Park with 1.4 million visitors annually and north of Claytor Lake State Park with 300,000

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum 2 Leases & 5 Renewals
  • Stable Tenant History AVG. Tenure 13+ Years
  • Regional Trade Are 20 + Miles
  • 1.5M Annual Visits
  • Most Visits Of All Shopping Centers In Market

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $5,130,000

Cap Rate
7.00%
Gross SF
30,151
Rentable SF
30,151
Price/Gross SF
$170.14
Lot Size
3.82 acres
Year Built
1999

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum 2 Leases & 5 Renewals
  • Stable Tenant History AVG. Tenure 13+ Years
  • Regional Trade Are 20 + Miles
  • 1.5M Annual Visits
  • Most Visits Of All Shopping Centers In Market

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 30,151 SF Walmart Supercenter shadow anchored retail center located in Radford, VA • The property is 92% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as CATO, Sally Beauty Supply, Subway, and more • Stable Tenant History | Average Tenant Tenure: 13+ Years • Leasing Momentum | 2 New Leases & 5 Renewals since 2020 STRATEGIC LOCATION • The property is positioned just at the intersection of Peppers Ferry Road & Lee Hwy (36,000 Combined VPD) • The center is shadow anchored by a high-performing Walmart since 1999 | Walmart owns the Walmart • The property is also next to Lowe’s Home Improvement and other surrounding tenants include Kroger, Rural King, Aaron’s, Badcock, Pizza Hut, O’Reilly, Taco Bell, and many more • Property is just 3 miles down the road from the Radford Army Ammunition Manufacturing Plant for the US Military, a 7,000-acre manufacturing facility that has employed up to 23,000 individuals anytime DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • This shopping center is the largest and busiest center in a 15-Mile Radius • Radford Plaza sees 1.5M annual visits • Property pulls from a 20+ mile Trade Area RADFORD, VA • Radford is an independent city in the state of Virginia • Radford is home to Radford University with 11,870 students • The city is less than 2 0 minutes f rom Virginia Tech, Virginia’s second largest University with 37,000+ students • The city is south of Ne w River Gorge National Park with 1.4 million visitors annually and north of Claytor Lake State Park with 300,000

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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