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928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center 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
Associate+1 757 213 [email protected]
END-CAP AVAILABLE!
www.cbre.us/norfolk
PROPERTY FEATURES 9,091 SF end-cap available
Located at signalized intersection of Diamond Springs Road and Wesleyan Drive
Anchored by Farm Fresh & Dollar Tree
Area retailers include Walgreens, Food Lion, Little Caesar’s Pizza, AutoZone, Family Dollar, Pizza Hut, 7-11
PROPERTY INFOSUBMARKET DESCRIPTION
This submarket is one of the most densely populated (248,000) in the city, 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 $72,923 (2015).
PROPERTY DESCRIPTION
Cypress Point Shopping Center is anchored by Farm Fresh and 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 bene ts 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
2017 Demographics
1-Mile 3-Mile 5-Mile
Population 19,551 89,391 253,007
Average HH Income $77,151 $72,244 $73,236
Daytime Population 2,993 104,401 164,345
$5.20 PSF | Breakdown Below
CAM $3.93
Insurance $0.34
Tax $0.93
TENANTS
Farm Fresh, Dollar Tree, Sun Resorts, T2 Fitness, Da Notty Roots, Phoenix Restaurant and Bar, Hair 2000, Omega Bar, Hong Kong House, Song’s Tailor, State Farm Insurance, Surf Rider Restaurant, Nails #5, Big Apple Pizza, SuponThai Cuisine, Fully Promoted
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
928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center FOR LEASE
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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
Hair 2000 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
State Farm Insurance 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
SUNCO
Sentara Family Medicine
Valvoline
928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center FOR LEASE
www.cbre.us/norfolk
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928 DIAMOND SPRIN S RD
PLACE OF WORK
POPULAT ION
A E
RACE AND ETHNIC ITY
928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center FOR LEASE
www.cbre.us/norfolk
928 DIAMOND SPRIN S RD
EDUCAT ION
ENDER
MAR ITAL STATUS
EMPLOYMENT STATUS
CLASS OF WORKER
DAYT IME POPULAT ION
928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center FOR LEASE
www.cbre.us/norfolk
928 DIAMOND SPRIN S RD
HOUSEHOLDS
HOUSEHOLD INCOME
HOUS IN VALUE
928 DIAMOND SPRINGS ROAD | VIRGINIA BEACH, VIRGINIA
Cypress Point Shopping Center FOR LEASE
www.cbre.us/norfolk