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    OFF-MARKET
    Lifestyle centers

    1261 Military Hwy, Norfolk, VA 23502

    382,526 SF
    Property ID
    Property summary
    AI-generated overview

    Broad Creek Shopping Center, located at 1261 N Military Hwy, Norfolk, VA 23502, presents a prime retail investment opportunity. This B-2 zoned power center boasts a total of 382,526 square feet across three suites, situated on a substantial 43.06-acre lot. Currently, 5,210 square feet of retail space is available, divisible into units ranging from a minimum of 1,440 square feet to a maximum contiguous space of 2,000 square feet. The center benefits from a highly visible location along a major retail corridor, with convenient access to I-64 and I-264, ensuring strong regional draw. Anchored by Target, Home Depot, and Food Lion, Broad Creek Shopping Center offers exceptional visibility and accessibility for tenants. The property features a half-mile of frontage and three separate entrances, providing customers with easy access, ample parking, and a streamlined shopping experience. This location offers a unique opportunity to establish a presence in a thriving retail environment within Norfolk's dominant commercial area. The property's size and configuration make it suitable for a variety of retail uses.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 382,526 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
    • Penske Truck Rental Car Rental Facility
    • Tool & Truck Rental Center at The Home Depot Rental Equipment Company
    • Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
    • The Home Depot Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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