701 N Battlefield Blvd
Chesapeake, VA 23320

Atlantic Capital Partners has been exclusively engaged to market for sale Woodford Square, a thriving community shopping center ideally positioned along Battlefield Boulevard in Chesapeake, VA. The asset, anchored by Harbor Freight Tools, along with a strong mix of national and local retailers, is one of the most desirable shopping centers in the local market given the property’s exceptional access and prominent exposure along Battlefield Boulevard. The 9.19-acre site’s substantial traffic flow is supplemented by a Roses shadow-anchor, along with 6 necessity retail outparcels. The Battlefield Boulevard retail node is comprised of a national tenant mix, including Food Lion, Walmart Neighborhood Market, Home Depot and Lowe’s. Additionally, Chesapeake Regional Medical Center both drives a tremendous amount of traffic to the property and casts a wide net of patients from a 30-mile radius. The hospital is the #1 most visited hospital in the Chesapeake market.
Totaling 85,323 square feet, Woodford Square is presently 100% leased to 21 tenants with 9.1 years of WALT tenure and 5.3 years of weighted average remaining lease term and a projected 10-year CAGR of 3.63%. The Woodford Square investment offers a stabilized shopping center with secure anchor leases, a low number of tenants with upcoming lease expirations and minimal capital requirement to renew current tenants. Along with adding value through lease renewals, future ownership has the ability to increase value through CAM reimbursement from the Roses store, which currently only pays a fixed CAM reimbursement that is scheduled to expire in 2027.
Woodford Square is being offered for sale without a formal asking price, free-and-clear of existing debt.