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33287740
33287739

3219 Bridge Rd, Suffolk, VA 23435

JO
VA 0225091328
Colliers - Charlottesville, Virginia
Colliers International
Listed by Colliers - Charlottesville, Virginia, Colliers International
$1,800,000
66 days on market
Updated 1 day ago

Bennett's Creek Shops

Details
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 7,420
Net Rentable (SqFt) 7,420
Cap Rate 7.00%
NOI $125,671
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1995
Acreage 1.000
Ground Lease No

Two-tenant Food Lion Shadow Anchored Retail Strip

Marketing description

Colliers is pleased to present Bennett’s Creek Shops, a compelling opportunity to acquire a 100% leased, 7,420 SF neighborhood retail center in the fast-growing Northern Suffolk submarket. Shadow anchored by a long-established Food Lion and at the main entrance to the shopping center, the property benefits from exceptional visibility along Bridge Road (Route 17), with approximately 28,000 vehicles per day.

This two-tenant strip center offers stable in-place income and NNN lease structures that help minimize landlord responsibilities. Contractual rent bumps in place and both suites leased below market, create meaningful upside through future mark-to-market potential.

The asset is surrounded by strong retail, dense residential growth, and major employment drivers, including the Joint Suffolk DoD compound, Bon Secours, Sentara, Sysco Foods, and other regional employers. With high household incomes, limited new supply, multiple full-movement access points, and highly leasable space including an end-cap drive-thru, Bennett’s Creek Shops offers durable cash flow and long-term growth in one of Hampton Roads’ most desirable retail corridors.

Additionally, Bennett's Creek Shops can be purchased as a portfolio, with Danville Shops - Link - Danville Shops

Investment highlights

  • Well Positioned with Grocery Shadow Anchor and Other Traffic Drivers
  • Highly leasable spaces, Including an end-cap drive-thru
  • Attractive Contract Rent Growth
  • Grocery‑anchored visibility with strong rent upside in a high‑growth, supply‑constrained Suffolk submarket
  • Strategic Location with Excellent Accessibility, Population Growth, & Proximity to Major Employers

Listing Contacts

JO
VA 0225091328
Colliers - Charlottesville, Virginia
Colliers International
Listed by Colliers - Charlottesville, Virginia, Colliers International

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,671.00
$10,472.58/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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