8101 Staples Mill Rd • Richmond, VA 23228

Year Purchased: 2023
Purchase Amount: $8,100,000.00
Equity: $3,960,000.00

Wistar Center was purchased in April 2023 and is a 49,040 square foot multi-tenant shopping center located in Henrico, Virginia (part of Richmond, VA MSA). Built in 1989, Wistar Center boasts a strong group of e-commerce-resistant tenants and is situated between the three major highway corridors of Richmond, I-64, I-95, and I-295. With a diverse tenant base and a desirable, high-traffic location, Wistar Center is currently 100% occupied. The current tenant lineup features 20 tenants including a healthy mix of restaurant, retail, health, beauty, and service-oriented businesses. The center is strategically located within a three-mile radius from Interstates 64 and 95, benefiting from ideal interstate access along with excellent visibility and frontage along Staples Mill Road. Other nearby anchor retail includes Target, Food Lion, and Kroger. The property is also across the street from Hermitage Townhomes, 543-story townhome units developed by Ryan Homes in 2017. The immediate trade area contains many other local and national tenants, including CVS, Lidl, Advance Auto Parts, Wendy’s, Jersey Mike’s, and Panda Express.