Listing Agency: Norfolk - Main

Listed By: George Fox Show Phone

Source: Colliers

Added: Jul 24 Changed: Sep 7 Last Checked: Sep 8 at 3:25AM

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Investment Insights

Based on property information with market context.

Edinburgh East is a shopping center anchored by a Wawa, including a strong convenience retail draw. The property is positioned to serve everyday needs with regional accessibility and visibility to surrounding traffic patterns.

The center is located in very close proximity to the main lighted intersections at Hillcrest Parkway (13,000 VPD) and S. Battlefield Blvd. (21,000 VPD) in Chesapeake, VA. Convenient access to Route 168 (38,000 VPD) is available from a location less than a quarter mile from the center.

Edinburgh East also benefits from being home to the #1 visited Wawa in Virginia out of 119 statewide locations. The Edinburgh submarket is described as one of the fastest growing in Chesapeake, with above-average household incomes of $158,627 within a 1-mile radius.

Key Highlights

• Highly trafficked shopping center in Chesapeake, VA near Hillcrest Parkway (13,000 VPD) and S. Battlefield Blvd. (21,000 VPD)
• Regional accessibility via Route 168 (38,000 VPD), less than a quarter mile from the center
• Anchored by the #1 visited Wawa in Virginia out of 119 locations statewide

Property Analytics

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Current Use

Mystique Salon & Skin ... Hair Salon The Mason Jar Restaurant Crave Bakery and Coffee ... Cafe & Coffee Shop Mapes Rachel DVM Veterinary Clinic Sherwin-Williams Paint Store Hardware & Home Improvement

Suggested Use

Top Pick HVAC Service Electrical Service Locksmith Catering Service Nail Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

251

Businesses Nearby

320k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 48% Superstores 26% Shops & Services 15% Home Improvements & Furnishings 11%

Walmart Superstores

83,153 visits/mo 0.5 miles

Chick-fil-A Dining

44,672 visits/mo 0.4 miles

The Home Depot Home Improvements & Furnishings

35,583 visits/mo 0.1 miles

Murphy USA Shops & Services

25,065 visits/mo 0.4 miles

Cracker Barrel Old Country Store Dining

19,564 visits/mo 0.4 miles

Demographics for 23322, VA

66,994

Population

22,386

Households

3

Avg Household Size

40

Median Age

42%

College-Educated

95%

High-School Grad

187.8 sq mi

ZIP Area

357

Density / Sq Mi

$133,522

Median Household Income

$55,549

Median Earnings

$1,870

Median Rent

$448,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Highly trafficked neighborhood shopping center near major intersections, anchored by a Wawa with strong regional accessibility.

Where is this shopping center located?

The property is located at Edinburgh East Shopping Center 141 Hillcrest Pkwy Chesapeake, VA.

What is the lease rate?

The lease rate is $3,330/Mo.

What are key features of this property?

This property features: Highly trafficked shopping center in Chesapeake, VA near Hillcrest Parkway (13,000 VPD) and S. Battlefield Blvd. (21,000 VPD); Regional accessibility via Route 168 (38,000 VPD), less than a quarter mile from the center; Anchored by the #1 visited Wawa in Virginia out of 119 locations statewide