Ashland Junction - Ashland, VA

THE OPPORTUNITY

Immediate upside through lease up of vacancy + Dark Box
Existing outparcels ready for development and an ability to develop additional outparcels within the center
Food Lion paying rent on dark box to limit competition within the market and recently renewed in 2019 at previously scheduled rent
Potential to work out a deal with Food Lion and backfill their box with an alternative use
LED lighting recently installed throughout the parking lot

THE HIGHLIGHTS

Minimal small shop vacancy in the trade area of 4.6%
Located within the Richmond, VA MSA which has grown by over 8% and added nearly 100,000 jobs since the beginning of 2010 for an average year-over-year growth rate of about 1.4%. Population within 5 miles of the center is projected to grow 6.2% through the next five years.
Shoppers required to drive through Ashland Junction en route to Walmart
Significant new national single tenant development within the market including Chick Fil A, Wawa, and Panera Bread.
Restaurant Tenant has highest rated reviews in the market on Yelp

THE DEAL POINTS

DEALS