Shoppes at Forest Hill 2 biens | Local commercial | Richmond, VA

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale The Shoppes at Forest Hill (“The Property”), an 85% leased retail center alongside a corporately guaranteed ground lease opportunity in one of Richmond, Virginia’s most up and coming trade areas. Wawa, Inc., an investment-grade tenant rated BBB by Fitch, generates over $18.8 billion in annual revenue and ranks as the 22nd largest privately held company according to Forbes. With a presence in over 1,000 locations along the East Coast, Wawa is the ninth-largest convenience store chain in the United States, and this location benefits from 17.4 years of remaining lease term. Situated on ±3.50 acres across two parcels, the Property enjoys a prime positioning along Forest Hill Avenue (30,000 VPD) at the gateway to Chippenham Parkway (66,000 VPD). Exceptional visibility, a dedicated turn with signalized ingress and egress, pylon signage, and 95 shared parking spaces—along with 12 Tesla Superchargers— enhance accessibility and consumer appeal. The asset is surrounded by a strong national retail presence, including Lowe’s Home Improvement, Walmart Supercenter, Publix, Target, and Food Lion. Additionally, it is just 2.1 miles from HCA Chippenham Hospital, the largest hospital in the Richmond area with 483 beds. The Property presents investors with the opportunity to acquire a rare trophy asset in a growing Richmond submarket. The combination of a corporate Wawa ground lease with proven operating history and an 85% leased retail center provides a stable income stream with an opportunity for value creation. The Property’s strategic location along a high-traffic corridor, proximity to national retailers, and unparalleled connectivity to the entirety of the Richmond MSA further solidifies its long-term value, making it a compelling investment opportunity.