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2109-2233 Wilborn Ave
South Boston, VA 24592

Hupps Mill Plaza · Retail Property For Sale

Attachments

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PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
173,244 SF
Building Class
B
Year Built/Renovated
1972/2000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
17.33 AC
Parking
1,051 Spaces (6.07 Spaces per 1,000 SF Leased)

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

PROPERTY TAXES

Parcel Number
234
Land Assessment
£509,183
Improvements Assessment
£4,741,477
Total Assessment
£5,250,660
  • Listing ID: 7022926

  • Date on Market: 02/05/2017

  • Last Updated:

  • Address: 2109-2233 Wilborn Ave, South Boston, VA 24592

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