1261 Military Hwy, Norfolk, VA 23502
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.
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Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
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Penske Truck Rental Car Rental Facility
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Tool & Truck Rental Center at The Home Depot Rental Equipment Company
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Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
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The Home Depot Building Supply Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.