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Property profile & analytics
OFF-MARKET
Neighborhood centers

2052 Independence Blvd Virginia Beach, VA 23453

33,147 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located within the Princess Anne Marketplace, a thriving shopping center in Virginia Beach, Virginia. The property boasts a total of 33,147 square feet across one building, with a prime 3,720 square foot endcap space currently available. The center enjoys a highly desirable location at the intersection of S. Independence Boulevard (26,000 vehicles per day) and Princess Anne Road (50,000 vehicles per day), offering unparalleled visibility and accessibility. Strong anchors include a recently renovated Target and other national retailers such as KFC, Sprint, Papa Johns, Dunkin', and State Farm, ensuring a consistent flow of customers. The property benefits from its proximity to the largest Tidewater Community College campus in Hampton Roads, contributing to a robust daytime population. With over 76,000 vehicles passing the intersection daily, this location provides exceptional exposure. Furthermore, its position directly across from Spence Crossing, a new 130-acre mixed-use development featuring residential units, further enhances its appeal and potential for growth. Nearby attractions such as the Virginia Beach Amphitheater, Virginia Beach Sports Complex, and Sentara Medical Complex also contribute to the area's high traffic volume and diverse customer base. This is a rare opportunity to secure a prominent retail space in a rapidly growing and highly desirable area of Virginia Beach.

Property profile
Verified
Property type Neighborhood centers
Total area 33,147 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
  • Papa John's Pizza Restaurant
  • Golden China Restaurant Restaurant
  • Direct Auto Insurance Insurance Agency
  • Paula Faivre - State Farm Insurance Agent Insurance Agency
  • Dunkin' Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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