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2109-2233 Wilborn Ave
South Boston, VA 24592
Hupps Mill Plaza · Retail Property For Sale
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PROPERTY FACTS
About 2109-2233 Wilborn Ave , South Boston, VA 24592
RealINSIGHT Marketplace and Cushman & Wakefield | Thalhimer are pleased to present the opportunity to acquire a 76.5% leased, 173,244 square foot value-add regional center, anchored by Belk, Goody' s and historically strong regional grocery chain, Shoppers Value Foods in South Boston (Halifax County), Virginia. Hupps Mill Plaza ( The Property ) is situated on ±17.32 acres of land at the intersection of main regional thoroughfare Wilborn Avenue (Route 501) and Hamilton Boulevard, directly across from Sentara' s Halifax Regional Hospital. The Property benefits from excellent signage and visibility along Route 501, ample parking and multiple points of ingress and egress. South Boston is located along the Dan River and is equidistant, within a 65 mile drive, from Lynchburg, Virginia to the North and Raleigh, North Carolina to the South. In addition to strong anchors, the current tenant roster also features credit rated tenants, Sherwin Williams, Advance Auto, Family Dollar and the Commonwealth of Virginia (GSA). 78% of the existing tenancy has leased space at the center for fifteen years or longer. Upside exists through lease up of existing vacancies as well as right sizing rents of new and renewing tenants. Minimal competition and no near term plans for new development in the trade area, help bolster the Property' s strength in the market for the long term. The asset represents the unique opportunity to acquire a cash flowing, value-add asset at a significant discount to replacement cost.
PROPERTY TAXES
Parcel Number | 234 | Improvements Assessment | £4,741,477 |
Land Assessment | £509,183 | Total Assessment | £5,250,660 |
PROPERTY TAXES
Listing ID: 7022926
Date on Market: 02/05/2017
Last Updated:
Address: 2109-2233 Wilborn Ave, South Boston, VA 24592
The Retail Property at 2109-2233 Wilborn Ave, South Boston, VA 24592 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.