Anchored Power Center Retail
For Sale
Contact for pricing
1261 North Military Highway, Norfolk, VA 23502
Centrally located power center anchored by Target, Home Depot, and Food Lion with multiple entrances and available storefronts.
Property Size382,526 SF
Days on Market92
Property Features for 1261 North Military Highway
General Information
Standard status
Active
Size
382,526 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
382,526 SF
Tenancy
Multi
Properties For Sale
at 1261 North Military Highway Contact us- Size
- 11,097 SF
- Term
- Negotiable
Former Party City
- Size
- 1,440 SF
- Type
- Power Center
- Term
- Negotiable
Former Salon
Listing Agency:
Divaris Real Estate - Richmond
(757) 560-9064
Listed By:
Kris Fuller
(757) 560-9064
Source:
Divaris
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 31 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Divaris Real Estate - Richmond
Investment Insights
Based on property information with market context.
This anchored power center features a mix of retail and dining with Target, Home Depot, and Food Lion serving as principal anchors. The center includes approximately 30 retailers and restaurants and presents strong shopper convenience through convenient parking, multiple access points, and visible retail positioning. Available space includes a 11,097 SF former Party City unit and a 1,440 SF fully built-out former hair salon, offering options for tenants with different footprint needs.
Broad Creek is positioned in Norfolk’s dominant retail corridor and draws from a regional trade area given its proximity to both I-64 and I-264. The property has about a half-mile of frontage and is served by three separate entrances, supporting straightforward customer access and visibility for retailers seeking dependable foot traffic. Public remarks also note that the Military Highway expansion is complete to address increasing traffic counts.
For tenants and operators, this is an opportunity to join an established, high-traffic retail environment with national anchors and a broad tenant mix. The availability of both a larger former department-style space and a smaller built-out storefront can support a range of retail concepts while benefiting from the center’s existing retail draw.
Broad Creek is positioned in Norfolk’s dominant retail corridor and draws from a regional trade area given its proximity to both I-64 and I-264. The property has about a half-mile of frontage and is served by three separate entrances, supporting straightforward customer access and visibility for retailers seeking dependable foot traffic. Public remarks also note that the Military Highway expansion is complete to address increasing traffic counts.
For tenants and operators, this is an opportunity to join an established, high-traffic retail environment with national anchors and a broad tenant mix. The availability of both a larger former department-style space and a smaller built-out storefront can support a range of retail concepts while benefiting from the center’s existing retail draw.
Key Highlights
- Anchored power center in Norfolk’s retail corridor with Target, Home Depot, and Food Lion
- Half‑mile frontage with three separate entrances for retailer and customer access
- 30 retailers and restaurants on‑site, supporting a regional draw
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
572k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Dining 23%
Shops & Services 15%
Home Improvements & Furnishings 11%
Walmart
Superstores
132,231 visits/mo
0.5 miles
Target
Superstores
117,130 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
60,935 visits/mo
0.1 miles
Chick-fil-A
Dining
49,252 visits/mo
0.3 miles
Food Lion Grocery Store
Groceries
33,423 visits/mo
0.2 miles
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Retail in Norfolk, VA
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Frequently Asked Questions
What type of property is this?
Shopping center - Centrally located power center anchored by Target, Home Depot, and Food Lion with multiple entrances and available storefronts.
Where is this shopping center located?
The property is located at 1261 North Military Highway Norfolk, VA.
What are key features of this property?
This property features: Anchored power center in Norfolk’s retail corridor with Target, Home Depot, and Food Lion; Half‑mile frontage with three separate entrances for retailer and customer access; 30 retailers and restaurants on‑site, supporting a regional draw
