Hull Street Road Retail Space in Chesterfield: The Older Inner Corridor vs. the Route 288 and Moseley Growth Stretch

Hull Street Road retail space in Chesterfield is really two markets. The older, closer-in corridor offers some of the lowest retail rents in the region: Cushman & Wakefield | Thalhimer’s Midlothian E/Hull St submarket averaged $14.79 per SF NNN with 7.4% vacancy in Q2 2026. The newer stretch out toward Route 288, Harbour Pointe and Magnolia Green is where most new construction and grocery investment is going, because that is where new homes are being built.

Hull Street Road is U.S. Route 360. It runs southwest from the Chippenham Parkway area through Chesterfield toward Moseley. This post covers what each stretch costs, what is changing, and which road projects could change access to a site. For the Route 60 side of the same Cushman submarket, see our Midlothian Turnpike retail guide.

What does Hull Street Road retail space lease for?

The Q2 2026 Richmond Retail MarketBeat combines eastern Midlothian Turnpike and Hull Street into one submarket. Rents are NNN asking rates.

For tenants, that means leverage. No submarket in the report had more directly vacant space, absorption was negative, and nothing was under construction. Submarket boundaries are Cushman’s, though, and the newer centers farther west on Hull Street may be counted in a different submarket. Ask for the report’s submarket map before comparing a specific address to these averages. A new pad near Route 288 will not lease at $14.79.

What is happening on the older inner stretch of Hull Street?

Around the Hull Street and Courthouse Road intersection, Chesterfield has designated the 673-acre Rockwood Special Focus Area, where it is encouraging mixed-use redevelopment, per Richmond BizSense. Two examples show which way things are going:

• Retail to housing: Stanley Martin paid $8.1 million in 2023 for Rockwood Square at Hull Street and Courthouse Road. The plan is a 322-unit townhome and condo community on a roughly 25-acre site that includes the former Rockwood Golf Park.
• Boxes re-tenanted by value users: At Oxbridge Square, Grocery Outlet leased a 16,000 SF former gym at 9923 Hull Street Road for its first Virginia store. Pleasants Hardware took a 15,000 SF former auto sales space at 10011 W. Hull Street Road, with an opening planned for spring 2026.

The pattern is typical of an older corridor. Discount grocers, hardware, fitness and service users backfill second-generation space at low rents, and the weakest centers are torn down for housing. That housing adds customers for the centers that remain. Tenants can often negotiate tenant improvement money or free rent here. Buyers should underwrite roof, parking lot and HVAC condition carefully.

Why is retail growing near Route 288, Harbour Pointe and Magnolia Green?

Retail follows rooftops. Chesterfield’s economic development office, citing the Weldon Cooper Center, estimates the county’s population at 401,301 as of July 1, 2025, up 36,753 (10.1%) since 2020. These projects show where that growth is turning into retail demand along Route 360:

• Harbour Pointe Village, 13700 Hull Street Road: Publix bought this 128,000 SF center (about 96% leased, built in 1993) for $35.8 million in July 2024. It was the first time the grocer bought a whole shopping center in the Richmond area.
• Harbour Pointe Station, 13518 Hull Street Road: plans were filed in March 2026 for a roughly 3,200 SF Shake Shack, without a drive-thru, on a half-acre site that had been a parking lot.
• Magnolia Green in Moseley: by early 2025, about 2,100 homes and apartments had been built, and the zoning allows 3,500 units. In March 2025, supervisors removed the square-footage caps on 88 acres of commercial land fronting Hull Street Road, according to Richmond BizSense.
• Cosby Corner, 15516 Hull Street Road: a 23,500 SF, two-building project on 4.3 acres with Lightbridge Academy as a tenant. Construction was planned for summer 2026, with delivery in early 2027.
• Nunnally Village at Hull Street and Otterdale roads: a proposed 200-acre mixed-use project with more than 200,000 SF of retail and restaurant space, 140,000 SF of medical office and up to 1,000 homes. Its rezoning request was filed in 2025, so check its current status with the county.
• HCA’s Magnolia Hospital: a $260 million, 60-bed hospital planned within Nunnally Village. It received state approval on March 13, 2026, with completion targeted for October 2029. Bon Secours has appealed the approval.

The western stretch has newer buildings, more rooftops coming, and more competition from new supply. For most tenants, the trade-off is higher rent for newer space and neighbors who are still arriving.

How will Streamline 360/288 and the Powhite extension change access?

Chesterfield’s Streamline 360/288 program groups nine projects around the Route 360 and Route 288 interchange. They include widening Route 288 from four to six lanes between Powhite Parkway and Commonwealth Centre Parkway, a continuous green-T intersection at Route 360 and Brad McNeer Parkway, an improved ramp from Route 360 eastbound to Route 288 northbound, and a study of a superstreet design on Route 360 between Mockingbird Lane/Harbour Pointe Parkway and Winterpock Road. The county’s Route 288 widening page listed the schedule as to be determined.

Farther west, the Powhite Parkway extension will reach Hull Street near Grange Hall Elementary School, with access points at Magnolia Green Parkway and Hull Street, per Richmond BizSense. In a September 8, 2026 update, the county said a $45 million two-lane road from Route 360 to Upper Magnolia Green will begin construction in 2026 and will eventually form the southern end of the extension. For the funding, phasing and timing risks, see our Powhite Parkway extension guide.

What should be on a Hull Street Road site checklist?

1. 1Place the site in the right market. Is it an older inner-corridor center priced near the submarket average, or new western product priced against new construction?
2. 2Check access against road plans. Check Streamline 360/288 designs, the superstreet study limits and any Powhite-related work near your frontage.
3. 3Confirm zoning under ZOMod. Chesterfield’s new ordinance took effect January 1, 2026. Look up the converted district and read any carried-over conditions. Our ZOMod explainer covers how.
4. 4Read the declaration or REA. In newer centers, exclusives and prohibited uses can matter more than zoning.
5. 5Count real rooftops. Use homes already built and occupied, not zoning capacity. Magnolia Green is zoned for 3,500 units but had about 2,100 as of early 2025.
6. 6Ask for NNN history. Get two years of reconciliations, especially in centers that just sold or were re-tenanted.
7. 7Confirm utilities for pads. On land out west, check water and sewer availability with Chesterfield Utilities early.

For land along the corridor rather than leased space, see our Chesterfield commercial land guide. For how Hull Street compares with Route 60, go back to the Midlothian Turnpike retail guide.

Talk through a Hull Street site

Whether you are leasing a bay in an older center or weighing a pad near Route 288, I can help you compare total occupancy costs, check access and zoning against the county’s plans, and structure terms around road and development timing. See how I work on the services page, or reach out with the address and your use.