For Auction
135K+ SF Value-Add Retail | Williamsburg, VA | The Marquis
Williamsburg, VA 23185Represented by
Newmark
Asset Snapshot
Offering Summary
Investment Highlights
- Committed Cash Flow Through March 2035: The Picklr and dark Kohl's anchor rent through March 2035 and January 2028, respectively.
- 3M+ Annual Visitors Anchor Retail Node: Dense, attraction-heavy Williamsburg node draws healthy demographics and steady consumer demand.
- Kohl's Income Bridges Redevelopment Plan: Dark Kohl's rent through January 2028 funds stability while the 89K SF box is retenanted.
- Numerous Paths to Value Enhancement: Reposition via single or multi-tenant retail, logistics conversion, or ground-up redevelopment.
- I-64 Midpoint Between Two Major MSAs: Interstate access serves Richmond (1.4M) and Hampton Roads (1.8M), a 3.2M consumer base.
- By-Right EO Zoning Unlocks Flexibility: York County EO zoning permits by-right retail, industrial, outdoor storage, and tourism uses.
Offering Summary
Brokered by Newmark Capital Markets and powered by RealINSIGHT Marketplace, The Marquis is a 135,692 SF value-add retail center in Williamsburg, Virginia, anchored by The Picklr and a dark Kohl's on an 11.6-acre site at the I-64/Marquis Center Parkway interchange. Kohl's dark rent runs through January 2028, providing committed income that bridges the retenanting of the 89,000 SF box, while The Picklr's lease extends through March 2035. The former Kohl's space offers a rare array of by-right redevelopment paths under York County's Economic Opportunity zoning, including retail, industrial (with outdoor storage), and tourist-related uses. Positioned within one of the top retail and entertainment destinations on the East Coast, drawing 3 million visitors annually, the site sits at the midpoint between the Richmond (1.4M population) and Hampton Roads (1.8M population) MSAs, reaching a combined consumer base of 3.2 million. The Marquis presents investors with long-term, in-place cash flow, significant NOI upside, and multiple avenues to enhance value through single- or multi-tenant retail, logistics conversion, or future redevelopment.Location Prose
The Marquis sits at the I-64/Marquis Center Parkway interchange in Williamsburg, Virginia, within a dense, amenity-rich retail and entertainment node drawing over 3 million visitors annually. The interchange anchors the midpoint between the Richmond and Hampton Roads MSAs, giving investors direct interstate access to a combined 3.2 million-person Mid-Atlantic consumer base.
Property Tours
Property tours are available by appointment only. Please reach out to Celina Abboud, Celina.abboud@nmrk.com | 301-300-8676, to schedule.Due Diligence
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
