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5620 Hull Street, Richmond, VA, 23225

Hull Street Marketplace
$4,005,000

Key Information

Cap Rate
7.5%
GRM
44,440
$ per SF
$90
Tot. SF
44,440
Lot Size
6.62 Acres
Units
3
Year Built
1992
Type
Shopping Centers
Occupancy
100%
NOI
$300,373

Highlights

  • Food Lion Anchor: Anchored by an established Food Lion – Virginia’s #1 grocer by market share (over 42%) – providing the neighborhood with a valuable and proven necessity-based shopping draw.
  • Prime Signalized Location: Well-situated at the signalized intersection of Swanson Drive & Hull Street, and less than a mile from McGuire Veterans Hospital.
  • 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 for investors targeting retail assets in the Mid-Atlantic.
  • National Credit Tenants: Tenant roster is comprised of 2 national credit retailers, Food Lion and Family Dollar, which sits freestanding.
  • Strong Food Lion Sales: With roughly 8 years of remaining lease term, Food Lion reports very strong sales of $20M.
  • Pad Site Upside: A potential upside component of a separately available pad site in front under separate ownership.
  • Affluent Trade Area: Strong, growing trade area (out to 5+ miles) with an average household income of $94,776.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203