Shoppes At Oceana

Shoppes At Oceana

1329 - 1377 Oceana Blvd
Virginia Beach, VA

Price: $4,960,000
Cap: 7.00%
NOI: $346,952
Building Size: 17,633 SF
Lot Size: TBD

Investment Highlights

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

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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