Shopping Community
120,920 SF Multi-Tenant Retail Center | Williamsburg, VA
6611 Mooretown Rd, Williamsburg, VA 23188
Listing Price: $13,700,000
Cap Rate
7.29%
Gross SF
120,920
Rentable SF
120,920
Price/Gross SF
$113.30
Lot Size
21.26 acres
Year Built
2006
Investment Overview
Marcus & Millichap is pleased to bring to market Victory Village Shopping Center located in Williamsburg, VA.
120,920 SF Multi-Tenant Retail Center | Williamsburg, VA
Investment Highlights
- 120,920 SF Multi-Tenant Retail Center, Anchored by Ross Dress for Less, Dollar Tree and Children's Hospital Thrift Store
- 83.79% Occupied by a Strong Tenant Mix of Retail, Restaurant, and Service Tenants | 7 Vacant Suites, Totaling 19,600-SF of Leasable Upside \ Outparcel Lot 8 Also Available (Additional Purchase Price)
- Since Going on Market, NOI has Increased by Approximately $40k, Demonstrating Strong Leasing Activity with Two New Leases, and One Lease Extension
- Property Features Three Points of Ingress/Egress With Signalized Intersections and Excellent Visibility Along Mooretown Road, Seeing 8,600+ VPD | Just Off I-64 and Humelsine Parkway Interchange
- Located in a Dense Retail Corridor Near Multiple National Tenants Such as Williamsburg Premium Outlet Mall, Walmart Supercenter, Lowe's, Home Depot, Big Lots, Starbucks, Chick Fil A, Taco Bell, IHOP, Great Wolf Lodge, Holiday Inn and More
- Directly Behind Michael Commons Medical Office Condos and The Bend Arbordale Apartments with 289 Units and Rear Walking Path Access to Victory Village Center | Adjacent From Sentara Williamsburg Regional Medical Center, A Major 145-Bed Hospital and Medical Office Campus | 1.5 Miles From Great Wolf Lodge Williamsburg and Interstate 64 Exit
- 5.5 Miles From Colonial Williamsburg, a Major Tourism Destination and 14 Miles From Busch Gardens Williamsburg, Seeing 2 Million Annual Visitors
- Strong Demographics: Population Exceeds 51,700 Within 5-Miles and is Expected to Increase by 2027 | Daytime Population Exceeds 67,400 | Average Household Income of $106,000 Within 5-Miles
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Shopping Community
120,920 SF Multi-Tenant Retail Center | Williamsburg, VA
Listing Price: $13,700,000
Cap Rate
7.29%
Gross SF
120,920
Rentable SF
120,920
Price/Gross SF
$113.30
Lot Size
21.26 acres
Year Built
2006
Investment Highlights
- 120,920 SF Multi-Tenant Retail Center, Anchored by Ross Dress for Less, Dollar Tree and Children's Hospital Thrift Store
- 83.79% Occupied by a Strong Tenant Mix of Retail, Restaurant, and Service Tenants | 7 Vacant Suites, Totaling 19,600-SF of Leasable Upside \ Outparcel Lot 8 Also Available (Additional Purchase Price)
- Since Going on Market, NOI has Increased by Approximately $40k, Demonstrating Strong Leasing Activity with Two New Leases, and One Lease Extension
- Property Features Three Points of Ingress/Egress With Signalized Intersections and Excellent Visibility Along Mooretown Road, Seeing 8,600+ VPD | Just Off I-64 and Humelsine Parkway Interchange
- Located in a Dense Retail Corridor Near Multiple National Tenants Such as Williamsburg Premium Outlet Mall, Walmart Supercenter, Lowe's, Home Depot, Big Lots, Starbucks, Chick Fil A, Taco Bell, IHOP, Great Wolf Lodge, Holiday Inn and More
- Directly Behind Michael Commons Medical Office Condos and The Bend Arbordale Apartments with 289 Units and Rear Walking Path Access to Victory Village Center | Adjacent From Sentara Williamsburg Regional Medical Center, A Major 145-Bed Hospital and Medical Office Campus | 1.5 Miles From Great Wolf Lodge Williamsburg and Interstate 64 Exit
- 5.5 Miles From Colonial Williamsburg, a Major Tourism Destination and 14 Miles From Busch Gardens Williamsburg, Seeing 2 Million Annual Visitors
- Strong Demographics: Population Exceeds 51,700 Within 5-Miles and is Expected to Increase by 2027 | Daytime Population Exceeds 67,400 | Average Household Income of $106,000 Within 5-Miles
Investment Overview
Marcus & Millichap is pleased to bring to market Victory Village Shopping Center located in Williamsburg, VA.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
