Shopping Community

Disco Sports

1400 Starling Drive, Richmond, VA 23229

Listing Price: $995,000

Cap Rate
7.24%
Gross SF
9,551
Rentable SF
9,551
Price/Gross SF
$104.18
Lot Size
0.82 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to offer the Market Positioning and Pricing report for Disco Sports retail asset. The offering consists of one stand-alone retail building in Richmond, Virginia MSA and the West End submarket. The property benefits from being located directly across the street from Regency Square Mall redevelopment site in transition to a mixed-use site.

The Regency Square Mall redevelopment will transform the area by bringing together "Experiential Tenants" like a new Aquatic Center and Trampoline Park, along with restaurants, office, medical office and other retailers into one "Walkable" location similar to West Broad Village, Libbie Mill and Green Gate developments. The Disco Sports building offers a superior location in terms of capturing growth and excitement of this growing, vibrant trade area.

The investment is located in a very strong trade area in the North West quadrant of Henrico County. The surrounding area is densely populated with mainly multi-family developments and single family subdivisons. Importantly the Regency Square Mall development is approved for 1,200 apartments of which 350 units are slated for construction start in 2020 as well as a Hotel for site.

Investment Highlights

  • Opportunity Zone investment - Great Tax Incentives
  • County Grants available
  • Adjacent to Regency Square Mall
  • Owner will execute a New Lease
  • Regency Mall approved for 1,200 Apartments
  • Great Trade Area

Exclusively Listed By

Listing Price: $995,000

Cap Rate
7.24%
Gross SF
9,551
Rentable SF
9,551
Price/Gross SF
$104.18
Lot Size
0.82 acres
Year Built
1982

Investment Highlights

  • Opportunity Zone investment - Great Tax Incentives
  • County Grants available
  • Adjacent to Regency Square Mall
  • Owner will execute a New Lease
  • Regency Mall approved for 1,200 Apartments
  • Great Trade Area

Investment Overview

Marcus & Millichap is pleased to offer the Market Positioning and Pricing report for Disco Sports retail asset. The offering consists of one stand-alone retail building in Richmond, Virginia MSA and the West End submarket. The property benefits from being located directly across the street from Regency Square Mall redevelopment site in transition to a mixed-use site.

The Regency Square Mall redevelopment will transform the area by bringing together "Experiential Tenants" like a new Aquatic Center and Trampoline Park, along with restaurants, office, medical office and other retailers into one "Walkable" location similar to West Broad Village, Libbie Mill and Green Gate developments. The Disco Sports building offers a superior location in terms of capturing growth and excitement of this growing, vibrant trade area.

The investment is located in a very strong trade area in the North West quadrant of Henrico County. The surrounding area is densely populated with mainly multi-family developments and single family subdivisons. Importantly the Regency Square Mall development is approved for 1,200 apartments of which 350 units are slated for construction start in 2020 as well as a Hotel for site.

Exclusively Listed By

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