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Suffolk West Shopping Center 805-841 W Constance Rd 58,471 SF 94% Leased Retail Building Suffolk, VA 23434 $9,073,480 CAD ($155.18 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Diverse and Established Tenant Mix with National Tenants
  • Ample Parking with Easy Ingress and Egress
  • Suffolk City Bus Stop in Front of Store
  • Located on a Primary Thoroughfare with Excellent Visibility
  • Possible Expansion and/or Pad Site

EXECUTIVE SUMMARY

Suffolk West Shopping Center is a busy shopping center with low operating expenses and are occupied by National Tenants and other well-known retailers. There is easy access to main routes U.S. 13/58/460. There are several established housing developments in the area that bring in business to the shopping center. There is a ground lease that expires in 2074 that has a current annual rent of $29,820 NNN. The property encompasses 5 individual parcels on a corner signalized intersection.

DATA ROOM Click Here to Access

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Building Size
58,471 SF
Building Class
B
Year Built/Renovated
1974/2013
Price
$9,073,480 CAD
Price Per SF
$155.18 CAD
Cap Rate
8%
NOI
$725,878 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
6.54 AC
Zoning
GENERAL CO - B-2 Commercial
Parking
325 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
706’ on W Constance Rd

AMENITIES

  • Corner Lot
  • Mezzanine
  • Pylon Sign
  • Restaurant
  • Signalized Intersection
  • Skylights
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
  • Fiber Optic Internet

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • AllState
  • Finance and Insurance
  • 1,200 SF
  • -
  • Triple Net
  • -
  • Retailer
  • 7,875 SF
  • -
  • Triple Net
  • Dec 2036

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

  • Family Roller Skating Rink
  • Arts, Entertainment, and Recreation
  • 16,000 SF
  • -
  • Triple Net
  • -
  • Farmer Joe's
  • Accommodation and Food Services
  • 1,800 SF
  • -
  • Triple Net
  • -
  • Hardee's
  • Accommodation and Food Services
  • 2,750 SF
  • -
  • -
  • Feb 2030
  • M&W Tobacco
  • Retailer
  • 1,800 SF
  • -
  • Triple Net
  • -
  • Information
  • 3,276 SF
  • -
  • Triple Net
  • -

At Metro by T-Mobile, they believe in the power of connection. They’re all about giving customers reliable wireless service at a fair price so they can stay connected to the people, places, and moments that light up their world. And they do it with unwavering transparency and simplicity. They deliver a customer experience that’s BS-free and crystal-clear. They do that with transparent pricing, with taxes and fees included in the plan price so customers know what to expect every month. They also do it with unlimited talk, text, and data, so they have the freedom to stay connected on T-Mobile's leading 5G network. And they have thousands of stores to make sure there’s one in all neighborhoods. They’ve built a brand that customers have chosen, making them the undisputed leader in prepaid. With Metro, customers score access to the nation’s largest 5G network and the largest selection of free 5G phones in prepaid.

  • Rental and Leasing Services
  • 5,186 SF
  • -
  • Triple Net
  • Mar 2033

Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.

  • True Blue
  • Professional, Scientific, and Technical Services
  • 1,200 SF
  • -
  • Triple Net
  • -
  • Retailer
  • 1,862 SF
  • -
  • Triple Net
  • -

Virginia ABC is a leading revenue producer for the Commonwealth of Virginia and the source of future economic growth and innovation for the state. The profits that Virginia ABC contributes—collected from distilled spirits sales at ABC stores conveniently located across the state and taxes collected on beer and wine sales—provide much-needed funding for use in a multitude of state programs. This benefits all Virginians. Since its establishment in 1934, Virginia ABC has contributed $12 billion to the commonwealth’s general fund supporting major education, health and transportation initiatives.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
AllState Finance and Insurance 1,200 SF - Triple Net -
Retailer 7,875 SF - Triple Net Dec 2036
Family Roller Skating Rink Arts, Entertainment, and Recreation 16,000 SF - Triple Net -
Farmer Joe's Accommodation and Food Services 1,800 SF - Triple Net -
Hardee's Accommodation and Food Services 2,750 SF - - Feb 2030
M&W Tobacco Retailer 1,800 SF - Triple Net -
Information 3,276 SF - Triple Net -
Rental and Leasing Services 5,186 SF - Triple Net Mar 2033
True Blue Professional, Scientific, and Technical Services 1,200 SF - Triple Net -
Retailer 1,862 SF - Triple Net -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 815-C
  • 3,750 SF
  • Retail
  • In-Line
  • Now

Rental Space 3750 Sqft, $12 sqft +NNN, Ample parking in Suffolk West Shopping Center

Space Size Space Use Position Available
815-C 3,750 SF Retail In-Line Now

815-C

Size
3,750 SF
Space Use
Retail
Position
In-Line
Available
Now

815-C

Size 3,750 SF
Space Use Retail
Position In-Line
Available Now

Rental Space 3750 Sqft, $12 sqft +NNN, Ample parking in Suffolk West Shopping Center

NEARBY MAJOR RETAILERS

Farmers Bank
Bank of America
Southern Bank
Wells Fargo Advisors
Truist
Atlantic Union Bank
Wells Fargo Home Mortgage
Cook Out

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 351250000
  • 350799000
  • 350735000
  • 350800000
  • 353129000
Land Assessment
$955,852 CAD
Improvements Assessment
$3,342,062 CAD
Total Assessment
$4,297,914 CAD
  • Listing ID: 35333823

  • Date on Market: 2025-04-01

  • Last Updated:

  • Address: 805-841 W Constance Rd, Suffolk, VA 23434

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