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Shopping Neighborhood

Food Lion Anchored Center | Richmond VA MSA | Exceptional Food Lion Performance

2589 New Kent Hwy, Quinton, VA 23141

Listing Price: $6,639,000

Cap Rate
7.33%
Gross SF
49,000
Rentable SF
49,000
Price/Gross SF
$135.49
Lot Size
8.52 acres
Year Built
1996

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer New Kent Crossing, a grocery-anchored center in Quinton, New Kent County, Virginia (the “Offering”). The 49,000-square-foot center is fully occupied and anchored by a high-performing Food Lion location that represents 45 percent of the overall revenue and is the market’s dominant grocer. The Offering features attractive red-brick construction that is both high quality and low maintenance, and benefits from prominent positioning off Interstate-64 in a growing suburban Richmond market.

Investment Highlights

  • Exceptional Food Lion Performance; $541 PSF Sales and 1.5 Percent Rent-to-Sales
  • 13+ Year Average Tenant Occupancy
  • Located in 2nd Fastest-Growing Locality in Virginia

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Shopping Neighborhood

Food Lion Anchored Center | Richmond VA MSA | Exceptional Food Lion Performance

Listing Price: $6,639,000

Cap Rate
7.33%
Gross SF
49,000
Rentable SF
49,000
Price/Gross SF
$135.49
Lot Size
8.52 acres
Year Built
1996

Investment Highlights

  • Exceptional Food Lion Performance; $541 PSF Sales and 1.5 Percent Rent-to-Sales
  • 13+ Year Average Tenant Occupancy
  • Located in 2nd Fastest-Growing Locality in Virginia

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer New Kent Crossing, a grocery-anchored center in Quinton, New Kent County, Virginia (the “Offering”). The 49,000-square-foot center is fully occupied and anchored by a high-performing Food Lion location that represents 45 percent of the overall revenue and is the market’s dominant grocer. The Offering features attractive red-brick construction that is both high quality and low maintenance, and benefits from prominent positioning off Interstate-64 in a growing suburban Richmond market.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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