For Auction
Asset Snapshot
Investment Highlights
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.
Due Diligence
Location
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.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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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.
