The Marquis | Picklr-Anchored, I-64 Value-Add Site

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.

Description:

For more information visit:
https://rimarketplace.com/auction/3397/retail/williamsburg/va?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october7_2026&utm_content=retail_3397


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.


Bidding Opens
Oct 06 12:00 AM
Bidding Closes
Oct 08 12:00 AM