Listed by Colliers - Fort Lauderdale, Florida
$8,060,550
Food Lion Shopping Center
Details
APN 41A-1-125A
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 87,964
Units 5
Cap Rate 6.50%
NOI $523,936
Occupancy 100%
Tenancy Multi
Brand/Tenant CVS Pharmacy, Tractor Supply
Lease Type NNN
Remaining Term 10
Rent Bumps Yes
Year Built 1981
Acreage 9.196
Zoning B-2 General Business
Parking Spaces 345 spaces
Parking per 1,000 SqFt 3.92
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Food Lion + CVS + Tractor Supply | Grocery Anchored | 100% Leased
Marketing description
The Twist Capital Team of Colliers is pleased to present for sale LeHy Plaza Shopping Center, a rare grocery-anchored retail center totaling 87,964 square feet on 9.196 acres located at the intersection of Interstate 81 and Interstate 77 in Wytheville, Virginia. Well-located grocery-anchored centers with proven anchor sales performance and national credit tenancy continue to be among the most aggressively pursued assets in retail investment, and LeHy Plaza delivers on every metric that institutional and private capital is competing for.
Investment highlights
- Grocery anchored center with 45+ years of continuous Food Lion occupancy, $10.2 million in annual store sales, and a 1.84% rent to sales ratio well below the industry average, confirming a highly profitable location with renewal options extending to 2055 backed by Ahold Delhaize credit.
- Three national credit tenants producing over 72% of base rent across grocery, pharmacy, and rural lifestyle retail, creating a diversified, recession resistant income stream.
- CVS generating nearly $10 million in annual sales at this location, confirming exceptional trade area depth for a secondary market.
- Tractor Supply recently extended through 2037 and invested $200,000 in store capital improvements, signaling long term corporate commitment to this location.
- 100% occupied with contractual rent growth built into every major lease, providing NOI increases without re-leasing risk
- Dominant location at the I-81 and I-77 crossroads in Wytheville, Virginia, capturing regional traffic from two of the most heavily traveled interstate corridors in the Mid-Atlantic.
Listing Contacts
Listed by Colliers - Fort Lauderdale, Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$523,935.78
$43,661.32/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialBusiness
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View all 60 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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