SHADOW TO WELL-PERFORMING WALMART FOR OVER 20 YEARS
WALMART SUPERCENTER SHADOW CENTER • The subject property is a 35,013 SF Walmart Supercenter anchored retail center located in Emporia, VA. • Leased to National Tenants including Pizza Hut, Advance America, Cricket Wireless, CATO, H&R Block, etc. • The Center has a long-standing history | Avg. Tenant Occupancy of 10+ Years. • Shadow to High Performing Walmart for over 20 years | Walmart is committed to this location and owns its building outright. • Value Add Opportunity. The Center is 80% Leased (6,000 Vacant SF). Leasing to 95% occupancy at $12/ SF will yield a cap rate of 10.61%.
STRATEGIC LOCATION | REGIONAL TRADE AREA • Attractive Interstate Location | The subject property is well located in the high traffic intersection of Interstate 95 & US-58 (Combined 47,000 VPD). • The subject sits in the heart of the Main Retail Corridor | Surrounding Retailers Include: Food Lion, CVS, Wendy’s, Burger King, Dollar Tree, McDonalds, Cracker Barrell, Applebee’s, Hardees, Bojangles, Dollar Tree, Taco Bell, and more. • This Walmart services a Regional Trade Area | Closest Walmart over 25 miles away. • The property is located adjacent to the Southern Virginia Regional Medical Center. The state-of-the-art, 80-bed, acute care medical center offers the latest healthcare technology to the residents in Emporia and the surrounding communities.
EMPORIA, VA • Emporia is an independent city in the Commonwealth of Virginia, and serves as the county seat of Greensville County. • Emporia has historically been a commercial hub in southern Virginia. The city is an ideal stop-over point for thousands of travelers on Interstate-95, as well for those heading to the coast on US 58. Much of the local retail economy is therefore strongly tied to the travel industry and The city has ranked among the top five cities in the nation for retail sales per capita. • Emporia’s Economy is also largely driven by its Industrial Manufacturing | Manufacturers include the Georgia-Pacific Corporation, SteelFab Steel Fabricators, Beach Mold & Tool Virginia Inc., & Creative Playthings Manufacturing Facility.