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    2400-2420 Little Creek Rd Norfolk, VA 23518

    For Lease
    $10 SF/Yr

    High-traffic retail center, spaces available

    Lot size:
    51,415 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Dollar Tree Center, located at 2400-2420 E. Little Creek Road in Norfolk, Virginia (zip code 23518), presents a compelling investment opportunity in a thriving retail environment. This 51,415 square foot strip center boasts a prime location along the busy East Little Creek Road corridor, ensuring high visibility and substantial foot traffic. Currently, there is 14,500 square feet of vacant space available, offering flexible options ranging from 3,900 to 14,500 square feet, ideal for a variety of retail businesses. The center has undergone recent renovations, reflecting a commitment to quality and maintaining a well-maintained property. The property's multiple tenancy structure provides a diverse tenant mix, contributing to a stable and attractive investment profile. Situated in Norfolk County, Virginia, this retail center benefits from a strong local economy and a dense residential population, creating a robust customer base. The property's location offers excellent accessibility and visibility, making it an ideal location for businesses seeking to establish or expand their presence in the Norfolk market. This is a rare opportunity to acquire a well-maintained, high-traffic retail center with significant upside potential in a desirable location. The available space presents a chance to capitalize on the strong retail demand in the area. Serious inquiries are encouraged.

    Property Features for 2400-2420 Little Creek Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,415 SF
    Total Rate
    42845.83

    Unit(s) available at that property

    Space
    Wayne's Home
    Size
    14,500 SF
    Rate per SF
    $10

    HighLights

    • High‑performing Dollar Tree anchors the center.
    • Excellent visibility from a signalized corner lot at E. Little Creek Road and Mona Avenue.
    • Easy access with four points of ingress/egress.
    • Strong tenant mix including Dollar Tree, Taylor's Do It Center, Anytime Fitness, Sonic, and MK Nails.
    • Renovated end‑cap space available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2159543
    Latitude
    36.9162991

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail center, spaces available
    Where is this neighborhood center located?
    The property is located at 2400-2420 Little Creek Rd Norfolk, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High-performing Dollar Tree anchors the center.; Excellent visibility from a signalized corner lot at E. Little Creek Road and Mona Avenue.; Easy access with four points of ingress/egress.
    Request Owner's contact information
    2400-2420 Little Creek Rd Norfolk, VA 23518
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    Norfolk, VA 23518
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2400-2420 Little Creek Rd Norfolk, VA 23518
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