1070 Virginia Center Pky

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 1070 Virginia Center Parkway (the “Property”), a fully leased, triple net strip center boasting a proven operating history and a WALT of 5.0 years. Strategically situated along the bustling Brook Road (Route 1), a mere 0.5 miles from the heavily traversed I-95 & I-295 interchange, the Property offers unparalleled convenience and exposure.
Featuring a diverse tenant mix including nationally recognized brands such as Chipotle, MattressFirm, and SportsClips, the Property thrives within the vibrant Virginia Center Station retail development. Tenants benefit from generous pylon signage and multiple points of ingress and egress, capturing the attention of over 35,000 passing cars daily.
Moreover, the Property enjoys robust market fundamentals and proximity to major retail traffic generators within the Virginia Center Trade area, including Publix, Ross Dress for Less, Best Buy, Michael’s, and Dick’s Sporting Goods. This prime location ensures sustained foot traffic and consumer interest, enhancing the investment’s long-term viability. The property enjoys exceptional market demographics, boasting an average household income exceeding $116,000 and nearly 28% of the population holding Bachelor’s degrees within a three-mile radius.
Notably, the Property is strategically positioned just one mile from the Henrico Sports & Events Center—a $50 million state-of-the-art complex currently under development between a public/private partnership with Henrico County. The asset also sits adjacent to the ongoing redevelopment of the former Virginia Center Commons Mall, a transformative mixed-use development breathing new life into the immediate trade area. In addition, a seven-acre office park site nearby is slated for redevelopment into a five-story, 279-unit apartment building.