Rio Hill Shopping Center

Rio Hill Shopping Center is a 288,336-square-foot, dominant grocery-anchored community shopping center located in Charlottesville, Virginia. The property was originally constructed in 1989 and consisted of two buildings. The center was then expanded in 1998 with the addition of a new out-parcel building currently occupied by The Dollar Tree. Rio Hill Shopping Center is anchored by a 78,823 square foot high performing Kroger grocery store and also features high quality destination junior anchor tenants such as TJ Maxx, Dollar Tree, Five Below and Jo-Ann Fabrics. The anchors and junior anchors account for approximately 70% of the property’s total square footage. The balance of the center consists of a mix of national, regional, and local tenants including CitiFinancial, Honey Baked Hams, Rack Room Shoes, Sally Beauty, and Subway. Charlottesville is located approximately 70 miles northwest of Richmond, and two miles east of the University of Virginia.

PROPERTY TYPE:

Retail

STRATEGY:

Core-Plus

STATUS:

Sold

REGION:

Mideast