Forest Lakes Shopping Center

Forest Lakes Shopping Center

September 1, 2021 11:29 am Published by

Forest Lakes Shopping Center is an 84.12% leased, 75,449 sf grocery anchored community shopping center located along the region’s dominant retail corridor of Rt 29 (Seminole Trail) in the dynamic market of Charlottesville, VA.

Food Lion has strong sales at $328/SF with an excellent heath ratio of 2%. The property includes an outparcel multi-tenant strip and there is upside in lease-up, including a 9,578 sf Jr-anchor position directly adjacent to the grocer. Additionally, the property benefits from the retail synergies of its mix of grocery, restaurant, and service-oriented tenants along with traffic driving unowned outparcels.