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Shopping Regional

Shoppes At Oceana

1329 - 1377 Oceana Blvd, Virginia Beach, VA 23454

Listing Price: $4,960,000

Cap Rate
7.00%
Gross SF
17,633
Rentable SF
17,633
Price/Gross SF
$281.29
Lot Size
4.00 acres
Year Built
2021

Investment Overview

CLASS-A NEW CONSTRUCTION STRIP CENTER • The subject property is a 17,633 square foot new construction retail strip center in Virginia Beach, VA • Destination Retail | Unique mix of ser vice oriented and restaurant tenants • Rare Guaranteed Rent Growth | Each tenant contains 3%-5% annual increases in rent • Buildings are Class-A New Construction and were designed by Finley Design Group, an award winning architect • Value-Add Opportunity | Center is 90% leased with one vacancy remaining • WALT: 5 Years PREMIER LOCATION IN VIRGINIA BEACH • This property is located in an extremely busy and rapidly growing corridor of Virginia Beach • Oceana Boulevard sees 38,000 vehicles per day • Just 3 miles from beachfront access • The strip center is directly across from the NAS Oceana Commisary, which serves all 25,000+ members associated with NAS Oceana • Limited Competition along Oceana Blvd. NAVAL AIR STATION OCEANA • This center is located less than 5 miles fr om Naval Air Station Oceana • Naval Air Station Oceana is a 6 ,820-acre Naval Air Station that is home t o all east cost strike fighter jet squadrons. • The Air Station consists of 10,500 military, 10,000 Family Members, and 4,500 Civil Employees • As one of the lar gest employers of Virginia Beach, the Air Station pr ovides a total economic impact of $2B annually

Investment Highlights

  • Class-A New Construction
  • Rental Increases from All Tenants
  • WALT: 5 Years
  • Value-Add | 1 remaining vacancy
  • Adjacent to Naval Air Station Oceana | $2B Annual Economic Impact
  • 5-Mile Pop: 124,640 | Avg. HHI: $117,698

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Shopping Regional

Shoppes At Oceana

Listing Price: $4,960,000

Cap Rate
7.00%
Gross SF
17,633
Rentable SF
17,633
Price/Gross SF
$281.29
Lot Size
4.00 acres
Year Built
2021

Investment Highlights

  • Class-A New Construction
  • Rental Increases from All Tenants
  • WALT: 5 Years
  • Value-Add | 1 remaining vacancy
  • Adjacent to Naval Air Station Oceana | $2B Annual Economic Impact
  • 5-Mile Pop: 124,640 | Avg. HHI: $117,698

Investment Overview

CLASS-A NEW CONSTRUCTION STRIP CENTER • The subject property is a 17,633 square foot new construction retail strip center in Virginia Beach, VA • Destination Retail | Unique mix of ser vice oriented and restaurant tenants • Rare Guaranteed Rent Growth | Each tenant contains 3%-5% annual increases in rent • Buildings are Class-A New Construction and were designed by Finley Design Group, an award winning architect • Value-Add Opportunity | Center is 90% leased with one vacancy remaining • WALT: 5 Years PREMIER LOCATION IN VIRGINIA BEACH • This property is located in an extremely busy and rapidly growing corridor of Virginia Beach • Oceana Boulevard sees 38,000 vehicles per day • Just 3 miles from beachfront access • The strip center is directly across from the NAS Oceana Commisary, which serves all 25,000+ members associated with NAS Oceana • Limited Competition along Oceana Blvd. NAVAL AIR STATION OCEANA • This center is located less than 5 miles fr om Naval Air Station Oceana • Naval Air Station Oceana is a 6 ,820-acre Naval Air Station that is home t o all east cost strike fighter jet squadrons. • The Air Station consists of 10,500 military, 10,000 Family Members, and 4,500 Civil Employees • As one of the lar gest employers of Virginia Beach, the Air Station pr ovides a total economic impact of $2B annually

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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