Map pin1822 Republic Rd, Virginia Beach, VA, 23454, US

Kroger Plaza

Kroger Plaza_Property for Sale

Attributes

Building area net
6,275 m²
Occupancy
100%
Year built
1997

Description

JLL is pleased to present the opportunity to acquire Kroger Plaza, a 67,540 SF grocery anchored retail investment opportunity located in Virginia Beach, VA. The center features a highly secure income stream, with strong growth characteristics and sustainable / below market shop rents averaging ~$21 PSF. Kroger offers investors a rare long-term opportunity to increase base rent by nearly 900% and currently operates on a durable 0.4% occupancy cost.


Please reach out to the deal team to learn more about this opportunity.

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Investment Highlights

  1. Kroger anchored investment offering with significant long-term upside
  2. Hilltop submarket - Virginia Beach's prime retail destination
  3. Affluent and dense customer base with ~$130K+ AHHI & 140K residents within a 5-mile radius
  4. Deep discount to replacement cost & exceptional basis
  5. Limited deferred maintenance
  6. Substantial economic activity via US Department of Defense (~$68B Annually)
Kroger Plaza 4_Property for Sale
Kroger Plaza 4_Property for Sale
Kroger Plaza (0 Properties)

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Last updated
8 Oct 2025