DEALS

Richneck Shopping Center | 12917 Jefferson Ave., Newport News, VA 23608

Highlights

  • 63,945 SF Food Lion and Family Dollar anchored center
  • Food Lion recently renewed for 10 years
  • Food Lion performs well with 2021 sales north of $15M ($467 PSF)
  • 95% occupied strong performing grocery anchored center
  • Over $260,000 spent in recent capital improvements including repaving the parking lot, roof repairs, and upgrading lights to LED.
  • Richneck shopping center is a great place for new businesses. A prominent location within a stable market allows Richneck Shopping Center the ability to continue to be an integral part of the community and will continue to serve as an invaluable shopping destination for residents and travelers alike.
  • Located along Jefferson Avenue at a signalized entrance, offering close proximity to Interstate 64, making this property easily accessible and highly visible with corner traffic light location.
  • Strong traffic counts with 31,000 VPD on Jefferson Avenue

Deal Points

  • Price: Market to Determine
  • Square Feet: 63,945
  • Year Built: 1988
  • NOI: $499,068
  • Occupancy: 95.21%

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Contact Legacy Realty Group for More Information