RETAIL SPACE AVAILABLE FOR LEASE Cypress Point Shopping … › d2 › G7UKlTdvTH6U3LFfIt2dUykwr6eLyq… · Norfolk International Airport, Norfolk Industrial Park, The Little Creek

928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA

Cypress Point Shopping Center RETAIL SPACE AVAILABLE FOR LEASE

Ned Brooks

Senior Vice President+1 757 228 [email protected]

Kevin O’Keefe

Senior Vice President+1 757 217 [email protected]

Tyler Brooks

Senior Associate+1 757 213 [email protected]

© 2018 CB Richard Ellis of Virginia, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

FARM FRESH IS OPEN & OPERATING!

www.cbre.us/norfolk

+ Space available from 1,003 SF

+ Located at signalized intersection of Diamond Springs Road and Wesleyan Drive

+ Area retailers include Walgreens, Food Lion, Little Caesar’s Pizza, AutoZone, Family Dollar, Pizza Hut, 7-11

+ Close to University, Naval Base, Outlets & others

PROPERTY INFO

CONTACT US

FARM FRESH OPEN & OPERATING, BUSIER THAN EVER!!!

PROPERTY INFOSUBMARKET DESCRIPTION

This submarket is densely populated with easy and quick access to a tremendous daytime working population at the Norfolk International Airport, Norfolk Industrial Park, The Little Creek Amphibious Base, Virginia Wesleyan College and Norfolk Academy. Average household income within a 3-mile radius is $74,598 (2018).

PROPERTY DESCRIPTION

Cypress Point Shopping Center is junior anchored by Dollar Tree. The shopping center is located at the signalized intersection of Diamond Springs Road and Wesleyan Drive in the Newtown area of Virginia Beach. The center benefits from four points of ingress/egress. Co-tenants in the shopping center are Surf Rider Seafood Restaurant, State Farm Insurance and Sentara Family Medicine.

The high end neighborhoods surrounding Cypress Point Shopping Center include The Cypress Point Country Club Community, Sajo Farms, Ridgely Manor.

ADDRESS 928 Diamond Springs Road | Virginia Beach, Virginia

SHOPPING CENTER SIZE 118,190 SF

RENTAL RATE $18.00 PSF Refer to listing agents for a former Farm Fresh rental rate

2018 Demographics

1-Mile 3-Mile 5-Mile

Population 19,773 89,440 254,704

Average HH Income $80,408 $74,598 $76,070

Daytime Population 12,312 149,995 299,245

$5.20 PSF | Breakdown Below

CAM $3.93

Insurance $0.34

Tax $0.93TENANTS

Dollar Tree, Sun Resorts, T2 Fitness, Da Notty Roots, Phoenix Restaurant and Bar, Omega Bar, Hong Kong House, Song’s Tailor, Surf Rider Restaurant, Nails #5, Big Apple Pizza, SuponThai Cuisine, Fully Promoted, Allstate

OUTPARCEL TENANTS

Sunco, Sentara Family Medicine, Valvoline

AREA RETAILERS

Walgreens, Food Lion, Little Caesars Pizza, AutoZone, Family Dollar, Pizza Hut, 7-11

TRAFFIC COUNTS (2016)

22,000 VPD - Wesleyan Drive 37,000 VPD - Diamond Springs Road

DEMOGRAPHICS

ADDITIONAL RENT


Cypress Point Shopping Center FOR LEASE

Cypress Point Shopping CenterFOR LEASE


www.cbre.us/norfolk

Financial Institution

104

105

141-143

127

110

109

113

137

FINANCIAL

INSTITUTION

119

140-1

43

112

120-123

106

128 13

1

124

Tenant Unit SF

Farm Fresh 101 53,231

Dollar Tree 102 11,106

AVAILABLE 103 2,030

AVAILABLE 104 1,100

Wingstop 105 1,850

Flawloceity Hair Art Studio 106 1,985

Sun Resorts 107 1,644

AVAILABLE 108 1,941

Boxed Gourmet 109 1,300

Da Knotty Roots 110 1,869

T2 Fitness 111 1,003

Supon Thai Cuisine 112 1,130

Danny’s Barber Shop 113 1,003

Nails #5 114 1,039

Phoenix Restaurant and Bar 115-118 4,408

AVAILABLE 119 1,003

AVAILABLE 120-123 5,176

AVAILABLE 124 1,203

Omega Bar 125-126 2,406

The Big Apple Pizzeria 127 1,211

AVAILABLE 128 1,003

Hong Kong House 129 1,047

Song’s Tailor 130 1,010

AVAILABLE 131 1,959

Surf Rider Restaurant 133-135 5,182

Fully Promoted 137 1,270

AVAILABLE 140-143 9,091

TOTAL 118,199 SF

Outparcels

Sunoco

Sentara Family Medicine

Valvoline



www.cbre.us/norfolk



www.cbre.us/norfolk

9,0

91 SF

AVA

ILABLE

5,176 SF

AVAILABLE



www.cbre.us/norfolk

WESLEYAN DRIVE

DIA

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SPR

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AD

LITTLE CREEK AMPHIBIOUS BASE

CYPRESS POINT SHOPPING CENTER



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DIAMOND SPRINGS ROAD

WES

LEYA

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RIV

E



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WESLEYAN DRIVE

DIAM

OND

SPRIN

GS RO

AD

CYPRESS POINT SHOPPING CENTER

VIRGINIA BEACH TOWN CENTER



Cedar RdSite

www.cbre.us/norfolk



Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

0 mi 5 10 15

SITE



Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Lawson Forest, Virginia Beach, Virginia

0 mi 0.2 0.4 0.6

DEMOGRAPHIC PROFILE

928 DIAMOND SPRINGS RD 1 MILE 3 MILES 5 MILES

2018 Businesses 407 5,061 10,094

2018 Employees 3,374 102,970 161,926

2018 Population - Current Year Estimate 19,773 89,440 254,704

2023 Population - Five Year Projection 21,019 93,001 262,771

2010 Population - Census 17,686 83,631 241,194

2000 Population - Census 15,912 84,776 245,777

2010-2018 Annual Population Growth Rate 1.36% 0.82% 0.66%

2018-2023 Annual Population Growth Rate 1.23% 0.78% 0.63%

2018 Population 19 ,773 89 ,440 254 ,704Age 0-4 1,419 7.2% 5,922 6.6% 15,694 6.2%Age 5-9 1,328 6.7% 5,721 6.4% 15,590 6.1%Age 10-14 1,194 6.0% 5,403 6.0% 15,352 6.0%Age 15-19 1,137 5.8% 5,300 5.9% 14,854 5.8%Age 20-24 1,614 8.2% 6,544 7.3% 18,308 7.2%Age 25-29 1,738 8.8% 7,406 8.3% 20,390 8.0%Age 30-34 1,665 8.4% 7,262 8.1% 19,792 7.8%Age 35-39 1,583 8.0% 6,491 7.3% 17,582 6.9%Age 40-44 1,229 6.2% 5,235 5.9% 14,913 5.9%Age 45-49 1,049 5.3% 5,010 5.6% 14,984 5.9%Age 50-54 1,011 5.1% 5,274 5.9% 15,895 6.2%Age 55-59 1,077 5.4% 5,487 6.1% 16,664 6.5%Age 60-64 955 4.8% 4,853 5.4% 14,945 5.9%Age 65-69 911 4.6% 4,208 4.7% 12,858 5.0%Age 70-74 639 3.2% 3,193 3.6% 9,701 3.8%Age 75-79 438 2.2% 2,339 2.6% 6,990 2.7%Age 80-84 337 1.7% 1,742 1.9% 4,937 1.9%Age 85 and Older 449 2.3% 2,049 2.3% 5,256 2.1%

2018 Median Age 34.4 35.9 37.1

2018 Population 19 ,773 89 ,440 254 ,704

White 8,454 42.8% 50,590 56.6% 145,297 57.0%

Black or African American 8,236 41.7% 25,964 29.0% 75,590 29.7%

Asian 1,499 7.6% 5,413 6.1% 14,073 5.5%

American Indian or Alaska Native 60 0.3% 392 0.4% 1,158 0.5%

Pacific Islander 36 0.2% 162 0.2% 451 0.2%

Other Race 532 2.7% 2,591 2.9% 6,581 2.6%

Two or More Races 955 4.8% 4,329 4.8% 11,554 4.5%

Hispanic 1,665 8.4% 7,954 8.9% 20,933 8.2%

White Non-Hispanic 7,810 39.5% 47,067 52.6% 135,276 53.1%

©2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:345324

PLACE OF WORK

POPULAT ION

A G E

RACE AND ETHNIC ITY



www.cbre.us/norfolk

DEMOGRAPHIC PROFILE


2018 Population 25 and Over 13 ,081 60 ,549 174 ,907

Less than 9th Grade 238 1.8% 1,577 2.6% 4,468 2.6%

9-12th Grade - No Diploma 1,142 8.7% 4,105 6.8% 11,050 6.3%

High School Diploma 2,075 15.9% 12,593 20.8% 35,976 20.6%

GED or Alternative Credential 331 2.5% 2,206 3.6% 6,486 3.7%

Some College - No Degree 3,223 24.6% 15,529 25.6% 45,515 26.0%

Associate`s Degree 1,349 10.3% 6,762 11.2% 17,752 10.1%

Bachelor`s Degree 2,817 21.5% 11,450 18.9% 34,441 19.7%

Graduate or Professional Degree 1,906 14.6% 6,327 10.4% 19,219 11.0%

2018 Population 19 ,773 89 ,440 254 ,704

Males 9,181 46.4% 43,021 48.1% 123,596 48.5%

Females 10,592 53.6% 46,419 51.9% 131,108 51.5%

2018 Population 15+ 15 ,831 72 ,392 208 ,070

Never Married 5,471 34.6% 24,568 33.9% 72,095 34.6%

Married 7,636 48.2% 34,987 48.3% 99,458 47.8%

Widowed 864 5.5% 4,384 6.1% 12,178 5.9%

Divorced 1,860 11.7% 8,453 11.7% 24,339 11.7%

2018 Civi l ian Population 16+ in Labor Force 10 ,486 45 ,165 127 ,920

2018 Employed Civilian Population 16+ 10,014 95.5% 43,164 95.6% 121,661 95.1%

2018 Unemployed Population 16+ 473 4.5% 2,002 4.4% 6,260 4.9%

2018 Employed Civi l ian Population 16+ 10 ,014 43 ,164 121 ,661

White Collar 6,710 67.0% 26,549 61.5% 73,998 60.8%

Services 1,754 17.5% 7,900 18.3% 22,961 18.9%

Blue Collar 1,549 15.5% 8,716 20.2% 24,700 20.3%

2018 Daytime Population 12 ,312 149 ,995 299 ,245

Daytime Workers 3,054 24.8% 105,721 70.5% 174,036 58.2%

Daytime Residents 9,258 75.2% 44,274 29.5% 125,209 41.8%


EDUCAT ION

GENDER

MAR ITAL STATUS

EMPLOYMENT STATUS

CLASS OF WORKER

DAYT IME POPULAT ION



www.cbre.us/norfolk

DEMOGRAPHIC PROFILE


2018 Households - Current Year Estimate 8,131 34,838 99,371

2023 Households - Five Year Projection 8,624 36,263 102,572

2010 Households - Census 7,295 32,504 94,048

2000 Households - Census 6,178 31,386 92,985

2010-2018 Annual Household Growth Rate 1.32% 0.84% 0.67%

2018-2023 Annual Household Growth Rate 1.18% 0.81% 0.64%

2018 Average Household Size 2.38 2.52 2.52

2018 Households 8 ,131 34 ,837 99 ,366

Under $15,000 745 9.2% 2,633 7.6% 8,750 8.8%

$15,000-$24,999 552 6.8% 2,724 7.8% 8,063 8.1%

$25,000-$34,999 830 10.2% 3,509 10.1% 9,210 9.3%

$35,000-$49,999 1,119 13.8% 5,502 15.8% 15,010 15.1%

$50,000-$74,999 1,586 19.5% 7,699 22.1% 21,271 21.4%

$75,000-$99,999 1,239 15.2% 4,858 13.9% 13,458 13.5%

$100,000-$149,999 1,190 14.6% 4,879 14.0% 14,069 14.2%

$150,000-$199,999 381 4.7% 1,671 4.8% 5,252 5.3%

$200,000 and Over 490 6.0% 1,363 3.9% 4,283 4.3%

2018 Average Household Income $80,408 $74,598 $76,070

2023 Average Household Income $93,516 $86,622 $88,087

2018 Median Household Income $60,451 $57,440 $57,714

2023 Median Household Income $69,086 $64,225 $64,481

2018 Per Capita Income $33,706 $29,597 $30,157

2023 Per Capita Income $39,025 $34,290 $34,856

2018 Owner Occupied Housing Units 4 ,268 19 ,003 54 ,900

Under $50,000 90 2.1% 734 3.9% 1,371 2.5%

$50,000-$99,999 138 3.2% 353 1.9% 1,050 1.9%

$100,000-$149,999 339 7.9% 1,453 7.6% 4,561 8.3%

$150,000-$199,999 874 20.5% 3,972 20.9% 10,598 19.3%

$200,000-$249,999 724 17.0% 3,961 20.8% 11,132 20.3%

$250,000-$299,999 568 13.3% 2,816 14.8% 8,123 14.8%

$300,000-$399,999 700 16.4% 2,695 14.2% 8,391 15.3%

$400,000-$499,999 436 10.2% 1,171 6.2% 3,774 6.9%

$500,000-$749,999 279 6.5% 1,083 5.7% 3,547 6.5%

$750,000-$999,999 96 2.2% 440 2.3% 1,216 2.2%

$1,000,000 and Over 25 0.6% 244 1.3% 874 1.6%

2018 Median Value of Owner Occ. Housing Units $247,894 $237,724 $244,332

2018 Average Value of Owner Occ. Housing Units $294,647 $294,142 $306,696


HOUSEHOLDS

HOUSEHOLD INCOME

HOUS ING VALUE



www.cbre.us/norfolk

DEMOGRAPHIC PROFILE

928 DIAMOND SPRINGS RD

NAME LATITUDE LONGITUDE

928 DIAMOND SPRINGS RD 36.872073 -76.1699835

©2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:345324



www.cbre.us/norfolk

Documents

RETAIL SPACE AVAILABLE FOR LEASE Cypress Point Shopping … › d2 › G7UKlTdvTH6U3LFfIt2dUykwr6eLyq… · Norfolk International Airport, Norfolk Industrial Park, The Little Creek