5020 Settlers Market Blvd, Williamsburg, VA, 23188-8233, US

Settler's Market

资产描述

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Settler’s Market – a 239,464 square foot grocery-anchored neighborhood center with an outstanding anchor lineup including: Trader Joe’s, HomeGoods, Michaels, Ulta, Cost Plus World Market, Petco and shadow anchored by a Walmart Neighborhood Center. Currently 76% leased with significant leasing momentum, Settler’s Market presents a rare opportunity to acquire a true value-add property anchored by one of the market’s most desirable grocers.

The Property is the commercial anchor to the 395-acre New Town planned community and premier retail address, that features distinctive architecture in keeping with Williamsburg’s celebrated past, and offers shoppers an idyllic setting in which to shop, dine and relax. Boasting dominant retailers and strategically located with convenient access to the entire market, Settler’s Market draws from an extended trade area that drives tenant performance and strengthens demand from retailers and restaurants.

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属性

建筑净面积

22,247 平方米

占用率

76%

建成年份

2014

租户

Trader Joe's, Michael's, HomeGoods

媒体

投资亮点

· Increase rental revenue by 20% in Year 2 by the immediate lease up of 35,000 SF vacant box space with existing interest.

· Capitalize off of recent leasing momentum to lease up a remaining ~23,000 SF across 7 vacant suites

· 90% of Revenue from National Tenants

· 3.5 Million Annual Visits

· 90% of Revenue from National Tenants

· 3.5 Million Annual Visits

· Rapidly Growing Higher Education Presence

· Regional "Drive To" Tourist Destination

· Mission Critical Defense Presence

· The Site has been carefully planned, with key components of the project residing on individual tax parcels; specifically, the Trader Joe’s anchored center, the Truist outparcel and the remaining power village component. This flexibility also enables future ownership to maximize returns through a multitude of exit strategies.