850 Statler Boulevard, Staunton, VA 24401

Premier Location Near I-81 & I-64

The center is located on Statler Blvd (8,800 VPD), two miles from I-81 (62,000 VPD), and five minutes from downtown Staunton. The Staunton MSA has 120K+ population and 60K+ labor force, with FedEx and Best Buy distribution centers nearby.

Long-term, National Credit Anchors

The 101,165 SF total anchor boxes (75.13% of GLA) are leased to Kroger, Staples, Petco, and Kroger Fuel. The anchors have averaged 21.5 years of operation at the center (Kroger since 1996, Staples since 1997).

Strong Performing Grocery Anchor

Statler Square is anchored by a strong performing Kroger, boasting 12% Y-o-Y sales growth in 2025 that equates to a 1.60% health ratio. With term through 2031 buyers can feel comfortable in the health and future of their grocery anchor.

Value-Add Through Vacancy Lease-Up

Currently 92% occupied with six suites totaling 10,996 SF available. At $18–$21 PSF stabilized rent, full lease-up represents ~$215,000 of additional gross potential rent. This immediate key to adding value should allow potential buyers to underwrite more aggressively and push pricing.

Upcoming Landlord Control

The current rent roll at Statler Square features five tenants without options allowing future ownership

to add additional value through a mark-to-market campaign. This secondary value add lever combines nicely with the existing vacancy creating a 7-year CAGR of 6.31%.

Lack of Competition

Although Statler Square is located in a smaller market it allows for the anchor tenants to operate in a market with minimal competition. As noted on page 15, Kroger's nearest competition is located almost 15 miles away, and Staples nearest competing location is over 35-minutes away.