Shops II - The Bridges - Tucson, AZ
3460 South Kino Parkway, Tucson, AZ, 85713, US
NT$153,923,000 | 685 m²
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.
...
Investment Highlights
- 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)
Media
Kroger Plaza (0 Properties)
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
9 Oct 2025