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Retail Space Near Little Creek
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5193 Shore Drive, Virginia Beach, VA 23455

Prime retail space near Joint Expeditionary Base Little Creek.

Space Size8,684 SF
Property Size58,230 SF
Days on Market710

Property Features for 5193 Shore Drive

General Information

Standard status Active
Size 8,684 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 58,230 SF
Tenancy Multiple

Spaces For Lease

at 5193 Shore Drive Contact us

Suite 9

Size
8,684 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Divaris Real Estate Inc
Listed By: Elizabeth Napolitano · License #VA
Source: Crexi
Added: Sep 23, 2024 Changed: Aug 25 Last Checked: Aug 31 at 9:01PM

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 Inc

Investment Insights

Based on property information with market context.

This retail space is located adjacent to Joint Expeditionary Base Little Creek. The location benefits from a strong naval presence and high foot traffic. Current tenants include Food Lion and Navy Federal Credit Union. The surrounding community includes over 14,000 active-duty personnel and nearly 5,000 civilians.

Key Highlights

  • Prime retail space adjacent to Joint Expeditionary Base Little Creek.
  • High foot traffic location.
  • Strong naval presence.

Property Analytics

Current Use

Jade Garden Restaurant Hairline Beauty Salon Hair Salon Nancy Nails Nail Salon Made Men Barbershop Barber Shop Food Lion Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Bakery Building Supply Electrical Service Dental Office Kitchen & Bath Showroom

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 40% Groceries 39% Shops & Services 19% Hotels & Casinos 2%
Food Lion Grocery Store Groceries
16,059 visits/mo 0.1 miles
Taco Bell Dining
10,845 visits/mo 0.1 miles
Arby's Dining
5,508 visits/mo 0.1 miles
Navy Federal Credit Union Shops & Services
5,190 visits/mo 0.1 miles
Tobacco Exchange Shops & Services
2,586 visits/mo 0.2 miles

Demographics for 23455, VA

50,599
Population
22,286
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
3,329
Density / Sq Mi
$88,223
Median Household Income
$49,119
Median Earnings
$1,610
Median Rent
$397,700
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 1% above 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 - Prime retail space near Joint Expeditionary Base Little Creek.
Where is this retail space located?
The property is located at 5193 Shore Drive Virginia Beach, VA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime retail space adjacent to Joint Expeditionary Base Little Creek.; High foot traffic location.; Strong naval presence.
More about this property
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