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Highly Visible Retail Anchor Box
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2864 Virginia Beach Blvd, Virginia Beach, VA 23452

Retail space with high visibility and easy access.

Space Size41,176 SF
Days on Market1666

Property Features for 2864 Virginia Beach Blvd

General Information

Standard status Active
Size 41,176 SF
Class A
Property subtype Retail
Lease Type NNN

Building Details

Building Size 41,176 SF
Year Built 2014
Tenancy Single

Spaces For Lease

at 2864 Virginia Beach Blvd Contact us

Available Space

Size
41,176 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Colliers - Norfolk, Virginia
Listed By: Chris Read · License #VA
Source: Crexi
Added: Feb 9, 2022 Changed: Sep 1 Last Checked: Aug 31 at 9:54PM

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 Colliers - Norfolk, Virginia

Investment Insights

Based on property information with market context.

This highly visible junior anchor box is located in the Lynnhaven submarket of Virginia Beach. The property features two signalized points of access to Virginia Beach Blvd. It is situated immediately adjacent to Hobby Lobby and One Life Fitness. The box is in pristine condition and includes two loading docks. Plentiful signage opportunities are available.

Key Highlights

  • Highly visible location in the Lynnhaven submarket of Virginia Beach.
  • Two signalized points of access to Virginia Beach Blvd.
  • Immediately adjacent to Hobby Lobby and One Life Fitness.

Property Analytics

Current Use

Big Lots Discount Store

Suggested Use

Top Pick Building Supply Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Restaurant Garden Center

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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

815
Businesses Nearby
130k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 68% Superstores 19% Dining 10% Beauty & Spa 2%
Hobby Lobby Shops & Services
41,511 visits/mo 0.1 miles
Wawa Shops & Services
35,505 visits/mo 0.3 miles
Big Lots Superstores
24,444 visits/mo 0.1 miles
First Watch Dining
10,316 visits/mo 0.2 miles
Beach Ford Inc Shops & Services
7,777 visits/mo 0.4 miles

Demographics for 23452, VA

59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value

Market

Lease Benchmarks for Virginia Beach, VA

$17.75 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
4,661 SF
Avg Space Size

This space is priced 32% below the average of $17.75 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with high visibility and easy access.
Where is this retail space located?
The property is located at 2864 Virginia Beach Blvd Virginia Beach, VA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Highly visible location in the Lynnhaven submarket of Virginia Beach.; Two signalized points of access to Virginia Beach Blvd.; Immediately adjacent to Hobby Lobby and One Life Fitness.
(757) 450-5198 Call to check price and availability
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