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Virginia Beach Retail Center

2052 S Independence Blvd, Virginia Beach, VA

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26,578 SF shopping center shadow-anchored by Target.

Type:RETAIL

Property size:

26,578 SF

Lot size:

4.71 Acres

HighLights

100% leased with a weighted average lease term (WALT) of 6.5 years, providing stable income.
Shadow‑anchored by a high‑traffic Target store, driving customer flow.
Located at a heavily trafficked intersection with 75,000 vehicles per day, ensuring high visibility.
Features a Dunkin’ drive‑thru, a desirable tenant amenity.
Upside potential through future rent increases due to current below‑market rents.
Located in a stable market supported by the United States Navy and The Port of Virginia.

We can help!

Listing Contact

Jordan Lex

For Sale

Contact for pricing

26,578 SF shopping center shadow-anchored by Target.

Type:RETAIL

Property size:

26,578 SF

Lot size:

4.71 Acres

Added:: Aug 14, 2025
Days on Market:: 301
Last Refresh:: May 20 at 9:40 pm

Property Features for 2052 S Independence Blvd

General Information

Standard status: Active
Size: 26,578 SF
Lot size: 4.71 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jordan Lex

Listing agent Alex Geanakos License #DC SP98373803

Listing office JLL | Washington DC

Listing date Aug 14, 2025

Source Moodyscre

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 JLL | Washington DC

HighLights

100% leased with a weighted average lease term (WALT) of 6.5 years, providing stable income.
Shadow‑anchored by a high‑traffic Target store, driving customer flow.
Located at a heavily trafficked intersection with 75,000 vehicles per day, ensuring high visibility.
Features a Dunkin’ drive‑thru, a desirable tenant amenity.
Upside potential through future rent increases due to current below‑market rents.
Located in a stable market supported by the United States Navy and The Port of Virginia.

Overview

The Princess Anne Marketplace is a 26,578 square foot shopping center located in Virginia Beach, Virginia. Constructed in 1998 and 1999, the property consists of two freestanding retail centers at 2052 and 2076 S Independence Blvd. The property is currently 100% leased with a weighted average lease term (WALT) of 6.5 years. The location is within a larger shopping center shadow-anchored by a 111,966 square foot Target. The property has potential for future rent increases due to current below-market rents. 2076 S Independence Blvd houses Ivy Rehab, Jackson Hewitt Tax Service, and Acredale Animal Hospital. 2052 houses two insurance providers, State Farm and Direct Auto Insurance, and features a variety of restaurant options including Dunkin’, Papa John’s, Golden China, A&M Finest Deli, and Sweet Frog. The property is situated at the intersection of S Independence Blvd and Princess Anne Rd, with a traffic volume of 75,000 vehicles per day. The property is located in a high-performing retail area in Virginia Beach, within the Hampton Roads MSA, a stable market supported by the United States Navy and The Port of Virginia.

Property Profile Location Intelligence

Current Use by Public Records

Papa John's Pizza Restaurant Golden China Restaurant Restaurant Direct Auto Insurance Insurance Agency Paula Faivre - State ... Insurance Agency Dunkin' Bakery

Suggested Use

Similar Places Nearby

Princess Anne Marketplace — Virginia Beach, VA 23453
Lynnhaven Shopping Center — Lynnhaven Pkwy, Virginia Beach, VA 23453
Parkway Shopping Center — Lynnhaven Pkwy, Virginia Beach, VA 23453
Princess One Shopping Center — 3809 Princess Anne Rd, Virginia Beach, VA 23456

Location Insight

Map
Local Demand

City: Virginia Beach
County: Virginia Beach
State: Virginia
Longitude: -76.1103
Latitude: 36.7907

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For sale
Shopping centers
VA
Virginia Beach
2052 S Independence Blvd

What type of property is this?

Shopping center - 26,578 SF shopping center shadow-anchored by Target.

Where is this shopping center located?

The property is located at 2052 S Independence Blvd Virginia Beach, VA.

What are key features of this property?

This property features: 100% leased with a weighted average lease term (WALT) of 6.5 years, providing stable income.; Shadow‑anchored by a high‑traffic Target store, driving customer flow.; Located at a heavily trafficked intersection with **75,000 vehicles per day, ensuring high visibility.**

2052 S Independence Blvd, Virginia Beach, VA

26,578 SF shopping center shadow-anchored by Target.

Property Features for 2052 S Independence Blvd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Two-Story Freestanding Medical Office

Commercial Property in Virginia Beach

Virginia Beach Multi-Use Building

Triplex with Multiple Rental Units

Virginia Beach Hotel Investment Opportunity

Promising Duplex Near the Beach

Virginia Beach Quadruplex Investment Opportunity

Virginia Beach Land with RV

Park Model RV in Resort

Waterfront Resort Property at Surfside

Back Bay RV Lot

Virginia Beach Retail/Restaurant Opportunity

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