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Hull Street Marketplace 5620 Hull Street Rd 44,440 SF Retail Building Richmond, VA 23224 $4,005,000 ($90.12/SF) 7.50% Cap Rate
Investment Highlights
- Food Lion Anchor: Anchored by an established Food Lion – Virginia’s #1 grocer by market share (over 42%) – providing the neighborhood
- Central MSA Market: Located in Richmond, in the ever-expanding Central MSA – a thriving market, which continues to be at the top of the list
- Strong Food Lion Sales: With roughly 8 years of remaining lease term, Food Lion reports very strong sales of $400/SF.
- Prime Signalized Location: Well-situated at the signalized intersection of Swanson Drive & Hull Street, and less than a mile from McGuire Veterans
- National Credit Tenants: Tenant roster is comprised of 2 national credit retailers, Food Lion and Family Dollar, which sits freestanding.
- Pad Site Upside: A potential upside component of a separately available pad site in front under separate ownership.
Executive Summary
Broker of Record
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
44,440 SF
Building Class
B
Year Built
1992
Price
$4,005,000
Price Per SF
$90.12
Cap Rate
7.50%
NOI
$300,375
Tenancy
Single
Building Height
1 Story
Building FAR
1.04
Lot Size
0.98 AC
Zoning
B-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C007-0355-022 | Improvements Assessment | $3,428,000 |
| Land Assessment | $1,541,000 | Total Assessment | $4,969,000 |
Property Taxes
Parcel Number
C007-0355-022
Land Assessment
$1,541,000
Improvements Assessment
$3,428,000
Total Assessment
$4,969,000
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Hull Street Marketplace | 5620 Hull Street Rd
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