11914 Iron Bridge Rd • Chester, VA 23831

Year Purchased: 2021
Purchase Amount: $6,000,000.00
Equity: $2,815,000.00

The Shoppes at River Forest was purchased in February 2021 and is a 30,720 square foot multi-tenant retail center located in a rapidly growing suburb of Richmond, VA. Built in 2007, the property is shadow anchored by a high-performing Walmart Supercenter and includes a strong group of nine largely e-commerce resistant tenants. The center was 90% occupied at closing and offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.