Suffolk Retail for Sale - South Suffolk

Parker Burnell is pleased to offer to qualified investors Godwin Marketplace, a ±10,797 SF building featuring two (2) ground-leased outparcels (15+ years) situated on 4.201 acres of land in the affluent Planter’s Station submarket of Suffolk, VA. The property is situated on the heavily trafficked Godwin Boulevard with excellent visibility - over 32,704 VPD. This Center is located across the street from a new Publix-anchored center and less than a 1/2 mile from Sentara Obici Hospital. Godwin Marketplace is centrally located within one (1) mile from Route 58 & Route 460 in Suffolk, in a moderately populated area with over 51,232 people living within a 5-mile radius of the property. It is one of Virginia’s fastest-growing cities, projected to exceed 100,000 residents before the end of 2026, and housing is expected to grow 9.20% by 2030. Suffolk’s transportation infrastructure includes several major highways, including US 13, 17, 58, 258, and 460, and is served by Interstate 664, part of the Hampton Roads Beltway. The property is located in Virginia’s second-largest city by land area and the 14th largest in the United States, covering 400- 430 square miles. It has three freight railroads and is being considered for a potential branch line of the Southeast High Speed Rail Corridor. Suffolk Transit provides local bus service, with connections to Hampton Roads Transit. The Monitor-Merrimac Memorial Bridge-Tunnel connects Suffolk to Newport News across the Hampton Roads harbor.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-03-11

Norfolk Office for Sale - Central Norfolk

Seller will master lease 6,964 sf on second floor if not leased at time of sale. 1st floor lease in place until April 30, 2027 with 1 - three year Option Period.

Property Subtype:

Medical

Date on Market:

2026-03-11

Newport News Retail for Sale - Oyster Point

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, DriveTime investment property located in Newport News, VA. The tenant, DriveTime Car Sales Company, LLC, has over 5 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2002, DriveTime is among the nation’s largest used car dealerships with over 165 locations

Property Subtype:

Auto Repair

Date on Market:

2026-03-10

Chilhowie Retail for Sale

• The tenant currently has over 10 years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • As of October 31, 2025, the Company’s 20,901 Dollar General, DG Market, DGX and popshelf stores across the United States

Property Subtype:

Freestanding

Date on Market:

2026-03-09

Fredericksburg Retail for Sale - Spotsylvania County

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a CVS property located in Fredericksburg, Virginia. The asset offers approximately 3 years of remaining lease term, providing stable near-term in-place income. The tenant is currently dark, creating a compelling value-add opportunity through future re-tenanting or redevelopment. The existing drive-thru infrastructure enhances flexibility for a wide range of users while reducing future redevelopment costs.

Property Subtype:

Drug Store

Date on Market:

2026-03-05

Strasburg Retail for Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand new construction Sheetz located just off Interstate 81 along Old Valley Pike in Strasburg, Virginia. Scheduled for May of 2026 delivery, the property is being developed on an oversized ±3.11-acre parcel and constructed to Sheetz’s latest corporate prototype. The site features 43 parking spaces, efficient ingress/egress, and strong interstate visibility, positioning the asset for long-term operational success.

Date on Market:

2026-03-02

Suffolk Retail for Sale - South Suffolk

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1975 North Main Street, Suffolk, VA 23434. The site consists of roughly 1,682 rentable square feet of building space on an estimated .73-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,000 and has scheduled increases of 1.50% Annually.

Date on Market:

2026-02-10

Fredericksburg Retail for Sale - Fredericksburg City

CBRE is pleased to exclusively offer for sale the 4,055 SF McDonald’s situated on 1.12 acres in Fredericksburg, VA - a component of the broader Washington D.C. MSA. Rare 15% Bumps Every 5 Years: Originally set to expire in 2022, Tenant exercised its first of five renewal options, extending the lease through 2027. The lease currently has ±1.8 years of term remaining with 15% rent increases in the four remaining 5-year renewal options. Next option rent bump in November 2027 brings return up 60 basis points. Strong Intrinsic Value with Upside: 1.12 Acres on hard corner lit intersection. Below market rent! Excellent Access & Visibility: The property is situated with excellent frontage at the signalized hard-corner intersection of Carl D. Silver Parkway and Cowan Boulevard (19,000 VPD) just 0.5 mile west of Interstate 95 (Traffic Count: 165,000 VPD) which connects Fredericksburg with Washington D.C. (55 miles north) and Richmond (58 miles south). This is arguably the best corner of Central Park as it is easily accessible to all of the retail uses as well as Cowan Boulevard which is a frequently used thoroughfare to avoid traffic in and out of town. Central Park Advantage: Reflecting the sustained strength of the Fredericksburg retail market, Central Park has maintained a historic occupancy rate of over 95% for more than 15 years. Situated on a 2,400-acre site adjacent to the interchange of I-95 and Plank Road (Combined Traffic Count: 253,000 VPD), Central Park serves as a regional hub. As the largest power center on the East Coast, it is anchored by a diverse mix of national brands, including Target, Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, Best Buy, Hobby Lobby, DSW and Burlington, along with the high-traffic Regal Cinemas. The center features over 200 merchants and 50 restaurants, providing a comprehensive shopping and dining environment. Recent office expansions and the proximity of three major hotels (Hampton Inn, Hilton Garden Inn, and Homewood Suites) contribute to a robust daytime population that fuels local commerce.

Property Subtype:

Fast Food

Date on Market:

2026-01-29

Richmond Retail for Sale - Monroe Ward

Seller Financing considered. 1031 Exchange also considered.

Property Subtype:

Restaurant

Date on Market:

2026-01-24

Franklin Retail for Sale - Franklin City

Date on Market:

2026-01-15

Hampton Retail for Sale - Fox Hill

• Dollar Tree has agreed to a 5-year lease to backfill the property after the the expiration of the Walgreens lease in April 2028, bringing the remaining term to over 7 years • The lease features $0.50/SF/YR rental increases at the beginning of each option period • The in-place Walgreens lease is Absolute NNN, allowing for zero landlord obligations until the expiration of their lease in 2028

Property Subtype:

Freestanding

Date on Market:

2026-01-13

Virginia Beach Retail for Sale - Princess Anne

Property Subtype:

Auto Repair

Date on Market:

2025-12-17

Yorktown Retail for Sale - York

Surmount is pleased to present the exclusive listing for a Wendy's located at 4321 George Washington Memorial Hwy, Grafton, VA 23692. The site consists of roughly 2,790 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/29/2012. The current annual rent is $135,917 and has scheduled increases of 5.00% every 5 years.

Property Subtype:

Fast Food

Date on Market:

2025-10-30

Roanoke Office for Sale - Southeast Roanoke

ABS. NNN LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations | 2024 Total Revenue was over $3B HARD-CORNERED SITE - Prominent hard-corner positioning at the signalized intersection of Challenger Ave (Route 460) and Carson Rd - Excellent access and visibility to over 34,000 vehicles per day POSITIONED IN DENSE RETAIL NODE - Within a 1-mile radius of the site is more than 491K SF of retail space - Vacancy Rate within that radius is 0.3% - Nearby national retailers include: Kroger, Lowe’s Home Improvement, Walmart Supercenter, and more NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR - The Building has recently been constructed to suit the tenant’s need - Site is positioned off of busy SR 64 E (31K VPD) HIGH GROWTH ROANOKE-DANVILLE-LYNCHBURG, MSA - The Roanoke–Danville–Lynchburg regional market is forecasted to grow ~1.8% over the next 5 years (from ~1,139,848 to ~1,160,033) - Roanoke MSA population ~315,749 in 2024 - Lynchburg MSA’s median household income has risen steadily, now ~$67,782 - The combined corridor is seeing reinvestment and expansion in retail, medical, and residential sectors as the geographic crossroads between two growth hubs of southern/central Virginia

Property Subtype:

Medical

Date on Market:

2025-10-27

Fredericksburg Retail for Sale - Fredericksburg City

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped CVS Pharmacy investment property located in Fredericksburg, VA (Washington D.C. MSA). The tenant has 10 years of firm term remaining with an additional 10 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1963, CVS is the largest pharmacy chain in the United States with over 9,200 operating locations.

Property Subtype:

Drug Store

Date on Market:

2025-09-19

Chester Retail for Sale - Iron Bridge Corridor

• The tenant currently has 11+ years remaining on their initial lease with 8 (5-year) options to extend, demonstrating their commitment to the site • As a top performing store, Walgreens illustrated commitment to the site in 2022 when they amended the lease to push out the primary term thru May 31, 2037, with options to control the site until May 31, 2077 • Excellent Placer Rankings | Nationwide: 82nd Percentile | Virginia: 95th Percentile • The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Kroger, Target, Home Depot, Dunkin’, Ulta, HomeGoods, Hobby Lobby, Lowe’s and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • The asset is in close proximity to Thomas Dale High School (2,570 students), CE Curtis Elementary School (727 students), Hyde Park Townhomes and Ashton Creek Apartments, further increasing consumer traffic to the area • The asset is located at the signalized, hard corner intersection of W Hundred Rd and Centre St with a combined 46,000 vehicles passing by daily • The site benefits from nearby direct on/off ramp access to Interstate 95, a major thoroughfare that averages 128,000 VPD • The asset has excellent visibility via significant street frontage and a large monument sign • Multiple points of ingress/egress • More than 85,000 residents and 37,000 employees support the trade area • $109,307 affluent average household income

Property Subtype:

Freestanding

Date on Market:

2025-09-03

Ruther Glen Retail for Sale - Caroline County

HMX Realty is pleased to present for sale a Zero Cash Flow CVS Pharmacy located in a wealthy, high-growth area south of Fredericksburg in northern Richmond. At 5,389 sf, this CVS features the brand's preferred footprint. Rent is low at only $179,820, making the asset particularly attractive. This property is offered with a zero-cash flow structure and pay-down readvance available, allowing an investor to cash out 60% of the purchase price immediately post-closing with no tax consequences. The interest rate on the spring-loaded, self-liquidating debt is only 3.42%. The property is ideal for a 1031 exchange. The Zero Cash Flow structure allows a 1031 buyer to acquire the asset for virtually all cash ($3,177,000) and have the debt re- advanced to $1,906,000 immediately post-closing. Mortgage proceeds from the re- advanced loan are not subject to capital gains or income tax; however, HMX Realty Advisors is not qualified to give legal or tax advice. The 5,389-sf building sits on 1.25 acres and is leased for 16+ years to CVS, an investment-grade company, on an absolute bond triple-net lease with no landlord responsibilities. The existing debt self-liquidates over 13 years at 3.42% with a three- year rent holiday starting in November 2038. Area Summary: The CVS is located just off Interstate 95 at the traffic light corner of Jefferson Davis Highway and Ladysmith Road in Ruther Glen, VA. Ruther Glen is part of the Richmond MSA and conveniently located between Richmond and Washington DC. The Richmond MSA is a center for law, finance and government. The area is home to one of 13 United States Court of Appeals, and one of 12 Federal Reserve Banks. Fortune 500 Companies headquartered in the area include Dominion Resources, MeadWestvaco, CarMax, Owens & Minor, Genworth Financial and Altria Group, while many others have a major presence. The intersection offers immediate access to Interstate 95, the main north–south Interstate Highway on the East Coast of the United States, and a mix of commercial tenants that support the surrounding area. In addition to CVS, nationally or regionally recognized tenants include a Food Lion Supermarket, Advance Auto, Atlantic Union Bank, Citgo fuel station, Family Dollar, and Dollar General. CVS location is supported by a wealthy and growing demographic.

Property Subtype:

Drug Store

Date on Market:

2025-08-14

Winchester Office for Sale - Winchester City

Introducing a unique investment opportunity in the heart of Historic Downtown Winchester! The iconic Leggetts Building, located on the vibrant Pedestrian Mall, offers three addresses in one with a diverse tenant base across three finished floors of retail and office space. This well-maintained building features access from both Loudoun Street and Indian Alley, providing excellent foot traffic and visibility. Highlights include the Bright Center, once home to Winchester's first escalator, now a charming carpeted staircase in the Bright Box Theater. Other key tenants include Worlds Away Escape Room and Exotic Himalayan Shop, adding to the building's eclectic appeal. Professionally managed and just steps from Boscawen Street, this property is surrounded by historic landmarks, including the Shenandoah Valley Civil War Museum. With a cap rate of approximately 6.17%, this is an incredible opportunity for investors looking to own a piece of Winchester's history while enjoying steady returns. Don't miss out on this prime location - perfect for retail and office space in a thriving downtown area!

Date on Market:

2025-08-06

Rocky Mount Retail for Sale - South Franklin County

This Absolute NNN Applebee’s asset is an outparcel to Kroger anchored shopping center, Rocky Mount Marketplace, which has over 2MM visits per year, per Placer.ai. The property is less than 1/2 mile off Hwy 220 (27,000 VPD), a major thoroughfare from Roanoke to Martinsville. Applebee’s sits on a 1.32 acre lot with ample parking and is strategically placed in a main retail corridor near several national retailers including CVS, Kroger, Walmart, Holiday Inn, Starbucks, and more. The site is less than 1 mile from Rocky Mount Plaza, a 127,683 SF shopping center with numerous national retailers and is nearby multiple hotels with 130 rooms combined within a 3 mile radius. The property has excellent visibility and frontage on Old Franklin Turnpike with over 17,000 VPD. This location has over 9,300 visits on average per month, per Placer.ai and is the only Applebee’s Restaurant within a 25-mile radius. It’s 40+ year brand operating history places it among the world’s largest casual dining brands with 1,600+ locations. Original 24-year lease in place with ±8 years remaining and four 5-year options. Watch Property Video: https://vimeo.com/944718739?share=copy

Property Subtype:

Restaurant

Date on Market:

2025-06-16

Woodbridge Retail for Sale - Woodbridge/I-95 Corridor

• Multi-tenant retail investment opportunity in Woodbridge, Virginia, an affluent suburb of Washington, D.C. • Offering includes a multi-tenant building featuring a diverse lineup of tenants including Advance Auto Parts, Little Caesars, Boost Mobile & Sherwin-Williams • All tenants occupying the multi-tenant property operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor • Majority of the tenants in this offering feature scheduled rental increases, growing NOI and hedging against inflation • The property is strategically located along US Route 1, a major thoroughfare serving the region, which averages 38,000 vehicles passing by daily • The property is ideally situated as an outparcel to Marumsco Plaza, a shopping center anchored by Family Dollar and Todo’s Supermarket in the heart of a dense retail corridor • Other nearby national/credit tenants include 7-Eleven, McDonald’s, Pepboys, Valvoline, Aaron’s, Planet Fitness, and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • The 5-mile trade area is supported by more than 203,900 residents and 53,700 employees, providing a direct consumer base to draw • Residents within 5 miles of the subject property boast an affluent average household income of $141,857 • Woodbridge, Virginia is located just 23 miles from Washington DC, and benefits from close proximity to Arlington, Alexandria, and Crystal City

Property Subtype:

Freestanding

Date on Market:

2025-05-13

Pennington Gap Retail for Sale

• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands • The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation

Property Subtype:

Restaurant

Date on Market:

2025-05-12

Clintwood Retail for Sale

• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands • The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation

Property Subtype:

Restaurant

Date on Market:

2025-05-12

Bedford Industrial for Sale

Fully Leased. NNN Tenant. Two Buildings. Long-Term Lease, expires 9/30/34. Gross Rent - $190,569

Property Subtype:

Food Processing

Date on Market:

2025-05-07

Danville Retail for Sale

Available Individually or as a Portfolio. 450 Mall Drive is a 13,060 SF Multitenant retail building located on highly visible Piedmont Drive close to Mt Cross Road. The property can be purchased by itself or as a portfolio. Great investment opportunity with premium national retailer tenant mix and triple net leases.

Property Subtype:

Restaurant

Date on Market:

2025-04-25