Building Details

Building Size 192,000 SF

Tenancy Multi

Listing Agency: Colliers | Norfolk Show Phone

Listed By: George Fox · License #VA0225079080

Source: Moodyscre

Added: May 13 Changed: Jul 29 Last Checked: Jul 30 at 9:57AM

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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

Investment Insights

Based on property information with market context.

Military Crossing is a shopping center community center totaling 192,000 SF, anchored by Ollie’s Bargain Outlet and Treasure Hunt. Available space is listed at 29,815 SF, supported by the site’s established retail mix.

The property sits in Norfolk’s Military Circle corridor with easy access to I-64 and I-264. Retailers benefit from strong visibility along Virginia Beach Blvd, along with prominent monument signage. The center also offers generous on-site parking designed to support customer traffic from the broader Hampton Roads region.

With a well-defined anchor layout and direct freeway access, Military Crossing is positioned for retailers seeking a high-visibility location within a major Norfolk shopping corridor.

Key Highlights

• 192,000 SF community center shopping center anchored by Ollie’s Bargain Outlet and Treasure Hunt
• Available space listed at 29,815 SF
• Monument signage along Virginia Beach Blvd

Property Analytics

Current Use

Digital Investigations Law Firm THE ULTRA LOUNGE Restaurant FedEx Drop Box Postal Service Treasure Hunt Liquidators ... Discount Store Rush My Passport Travel Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Grocery & Convenience Store Building Supply Garden Center Veterinary Clinic

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

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,091

Businesses Nearby

338k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 37% Shops & Services 28% Dining 17% Apparel 10%

Costco Wholesale Superstores

125,717 visits/mo 0.1 miles

Costco Gasoline Shops & Services

33,578 visits/mo 0.2 miles

Five Below Shops & Services

25,690 visits/mo 0.4 miles

Burlington Apparel

25,204 visits/mo 0.4 miles

Ollie's Bargain Outlet Shops & Services

21,727 visits/mo 0.0 miles

Demographics for 23502, VA

20,547

Population

8,839

Households

2.3

Avg Household Size

39

Median Age

24%

College-Educated

89%

High-School Grad

9.9 sq mi

ZIP Area

2,075

Density / Sq Mi

$66,467

Median Household Income

$37,213

Median Earnings

$1,335

Median Rent

$244,800

Median Home Value

Market

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

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Similar Off Market Nearby

• 757koreaSalon&Spa — 5650 E Virginia Beach Blvd, Norfolk, VA 23502
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Frequently Asked Questions

What type of property is this?

Shopping center - Anchored by Ollie’s Bargain Outlet and Treasure Hunt with monument signage on Virginia Beach Blvd.

Where is this shopping center located?

The property is located at 5957 E Virginia Beach Blvd Norfolk, VA.

What are key features of this property?

This property features: 192,000 SF community center shopping center anchored by Ollie’s Bargain Outlet and Treasure Hunt; Available space listed at 29,815 SF; Monument signage along Virginia Beach Blvd