Listing Agency: Wheeler (WHLR) Real Estate Investment Trust - Corporate Show Phone

Listed By: Denbeigh Marchant · License #VA0225189518 Show Phone

Source: Moodyscre

Added: Apr 18, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:02AM

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Investment Insights

Based on property information with market context.

A retail property offering 4,488 square feet of space is available for rent. The property is located at 5950 E Virginia Beach Blvd, Norfolk, VA.

Key Highlights

• Retail property for lease
• Located in Norfolk, Virginia

Property Analytics

Property Profile

Current Use

Letoile Day Spa ... Hair Salon Design 4 You ... Marketing & Advertising Rent-A-Center Furniture & Home Goods US Navy Enlisted ... Military Recruiting Office Army Recruiting Office ... Employment Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic Bakery

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

Location Intelligence

Trade Area within ½ mile

2,043

Businesses Nearby

389k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 32% Shops & Services 24% Apparel 22% Dining 15%

Costco Wholesale Superstores

125,717 visits/mo 0.3 miles

T.J. Maxx Apparel

44,595 visits/mo 0.5 miles

Costco Gasoline Shops & Services

33,578 visits/mo 0.4 miles

Five Below Shops & Services

25,690 visits/mo 0.3 miles

Burlington Apparel

25,204 visits/mo 0.3 miles

Market

Lease Benchmarks for Norfolk, VA

$16.16 /SF/Yr

Avg Asking Price

$1.68–$29.95 /SF/Yr

Price Range

6,386 SF

Avg Space Size

Properties on Market for Retail properties & Spaces in Norfolk

Jan

Feb

Mar

Apr

May

Jun

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019

9.3% 2020

8.7% 2021

7.9% 2022

6.9% 2023

6.6% 2024

6.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail properties & spaces 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?

Retail property - Retail property available for lease in Norfolk, Virginia.

Where is this retail property located?

The property is located at 5950 E Virginia Beach Blvd Norfolk, VA.

What are key features of this property?

This property features: Retail property for lease; Located in Norfolk, Virginia