Investment Overview

Marcus & Millichap is proud to present a 35,000 SF, five-tenant strip center at 2000 2nd St in Richlands, Virginia. The Community Center, which sits on 2.6 acres of land, is anchored by an Advance Auto Parts on a brand new, 10-year lease, at $5.00 per square foot. Along with the well preforming Advance Auto Parts, the strip center features a Rent-A-Center, a Cash to Payday loan agency, and a local Laundromat.

Positioned in the heart of Richlands, the asset is surrounded by national retailers such as BB&T, United States Postal Service, and Hardee's. Additionally, the subject property is in the main retail corridor of Richlands, along with a Goodwill Center, a Food Lion, and a Big Lots. Local residents are driven toward the center by neighboring national retailers.

The property sits at the hard corner of 2nd St and Allegheny St, which sees over 7,000 Vehicles Per Day. The population within 5 miles of the asset is just above 12,000 people. The asset is also in close proximity to I-460, a major highway that travels through Richlands toward West Virginia.