1822 Republic Rd, Virginia Beach, VA, 23454, US

Kroger Plaza

属性

建筑净面积

6,275 平方米

占用率

100%

建成年份

1997

描述

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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投资亮点

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