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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 $550/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
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 Under Contract
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
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 | - | - | - |
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
Contact the Sale Advisor
Hull Street Marketplace | 5620 Hull Street Rd
