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2203 Franklin RdRoanoke, VA 24014

Grocery-anchored retail center, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 31,073 square foot retail center in Roanoke, Virginia, presents a compelling investment opportunity. Located at 2203 Franklin Rd SW, Roanoke, VA 24014, this property boasts a prime location with high visibility and accessibility. The center features three tenants: Earth Fare, First Watch, and Taziki's, occupying the entire 3-acre lot (APN: 1150106). The property benefits from excellent traffic counts, with frontage on Franklin Road SW (18,000 vehicles per day) and access from Wonju Street (16,100 vehicles per day) and Hwy 220 (66,400 vehicles per day). Five points of ingress/egress and a traffic signal at the main entrance ensure convenient access for customers. The anchor tenant, Earth Fare, has a lease extending through 2030 with four five-year renewal options, providing long-term stability and predictable income. The property's strategic location is further enhanced by its proximity to a high-traffic medical facility, Carilion Clinic Orthopedic Surgery, which occupies a neighboring 227,291 square foot building and sees over 500 patients daily. A high-performing Mellow Mushroom restaurant is located on an adjacent outparcel. This well-positioned, fully occupied retail center offers a strong investment opportunity with significant long-term potential.

Highlights

  • High-traffic location adjacent to Carilion Clinic Orthopedic Surgery (227,291 SF, 500+ daily patients) and a top-performing Mellow Mushroom.
  • Strong anchor tenant, Earth Fare, with a lease extending to 2030 plus four 5-year options.
  • Excellent visibility and accessibility with frontage on Franklin Road SW (18,000 VPD) and Wonju Street (16,100 VPD), near Hwy 220 (66,400 VPD), and five points of ingress/egress.

Property Details for 2203 Franklin Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
31,073 SF
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2518789
Longitude
-79.9536319
2203 Franklin Rd, Roanoke, Virginia

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2203 Franklin Rd
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