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Property profile

1817 Little Creek Rd Norfolk, VA 23518

OFF-MARKET
Lifestyle centers
137,834 SF
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Property summary

AI-generated overview

Wedgewood Plaza, located at 1817 E Little Creek Rd, Norfolk, VA 23518, offers exceptional retail opportunities in a thriving commercial center. This 137,834 square foot shopping center boasts a strong tenant mix, anchored by a high-performing Food Lion and Marshalls. Two suites are currently available, with a minimum divisible space of 1,440 square feet and a maximum contiguous space of 7,000 square feet. A total of 8,440 square feet is currently vacant, presenting a unique chance to establish a presence in this well-established center. The plaza's strategic location between Norfolk Naval Station and Joint Expeditionary Base Little Creek-Fort Story provides unparalleled access to a substantial consumer base exceeding 77,220 active-duty personnel, civilian employees, and their families. In addition to the anchor tenants, Wedgewood Plaza features other national brands including Big Lots and Citi Trends, creating a vibrant and attractive shopping destination. This property presents a compelling investment opportunity for businesses seeking high visibility and a strong customer demographic. The available spaces are ideal for a variety of retail uses, offering flexibility and potential for significant growth.

Property profile

Verified
Property type Lifestyle centers
Total area 137,834 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

1817 Little Creek Rd Norfolk, VA 23518
Norfolk metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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