class a mixed-use development for …...bay point condos, and nearby apartments on pretty lake...

CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE

East Beach | Phase 7 Norfolk, VA

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Cushman & Wakefield | Thalhimer © 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

For more information, contact:

ERIC STANLEY Vice President 757 499 2739 [email protected]

TROY PARKER Principal Broker | Partner Parker Burnell Real Estate Group 757 222 0111 [email protected]

The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820

Virginia Beach, VA 23462 www.thalhimer.com

Retail Opportunity on Shore Drive and the Chesapeake Bay | Site Work is Underway!

CLASS A RETAIL SPACE AVAILABLE – NOW PRELEASING/PRESELLING

CLASS A RETAIL DEVELOPMENT FOR LEASE/SALE

East Beach 4459 Pleasant Ave. | Norfolk, VA, 23518

Summary of Available Space – Q1 2020 Delivery

Village Square - Building 1 +/-564 SF – 4,906 SF Retail Space

Village Square - Building 2 +/-1,069 SF – 5,361 SF Retail Space

Village Square - Building 3 +/-3,884 SF 5,000 SF Retail Space

Village Square - Building 4 +/-4,067 SF Retail Space

Signature Buildings - Building 5 +/-720 SF – 2,736 SF Retail Space




Signature Buildings - Building 9 Fully Leased - 7,600 SF Vet Clinic

Opportunity Awaits | East Beach Living

• East Beach is a traditional designed waterfront community in

Norfolk built in the tradition of Atlantic Coastal villages. Located

right on the Chesapeake Bay, just a 15 minute drive to

downtown Norfolk and Town Center Virginia Beach - the major

employment centers – and in close proximity to the entrance of

the Little Creek Joint Expeditionary Base. In addition to the

existing mixed-use waterfront neighborhood that features a

variety of condominiums, townhomes, shops, and restaurants

alongside the marinas, the final phase of the East Beach

community is ready to launch along Shore Drive featuring

ground floor retail and office space with residential units above,

designed to bring the convenience of urban living into the

neighborhood and nearby community.

• Now preleasing and preselling the ground floor retail

• Mixed-use buildings with high end condos/apartments above

ground floor retail

• Construction to start Q1 2019



Population

Estimated 2017 Population 67,243

Projected 2022 Population 68,540

Daytime Population (Employees) 20,745

Education: College Degree+ 62%

White Collar Employment 55%

Median Age 34

Trade Area Demographics (45-Minute Drive Time)

Households

Estimated 2017 Households 27,466

Projected 2022 Households 27,996

Est. Average Household Income $62,129

Projected Avg. Household Income $70,484

Est. Average Home Value $277,166

Projected Avg. Home Value $314,613

Average Yearly Expenditure

Total Retail $46.9 M

East Beach is a master planned “golf-cart community” with some of the highest priced homes per square foot in Norfolk and home to over 700 residences



Village Square – Building 1 & Building 2

Available SF +/-564 – 5,361 SF

Conceptual Restaurant Layout #1 • +/-1,924 SF Seating Area

• +/-900 SF Kitchen Area

• +/-1,000 SF Courtyard Area

Conceptual Restaurant Layout #2 • +/-2,681 SF Seating Area

• +/-1,264 SF Kitchen Area

Conceptual Floor Plan



Village Square – Building 3

Available SF +/-3,884 SF (Expandable to 5,000 SF)


Class A street-level retail & restaurant space is available at East Beach




Available SF +/-4,067 SF





Available SF +/-720-2,736 SF


East Beach is home to a built-in customer base of 500 high end single family homes, and 700 dwelling units in total. Next door, Bay Breeze Point, Bay Point Condos, and nearby apartments on Pretty Lake Avenue bring the total population on the East Beach Peninsula to over 1,000 residences.



Village Square – Building 6, 7 & 8

Available SF +/-672-2,656 SF


East Beach has excellent walkability, tree-lined streetscape, sidewalks & breezeways

CLASS A MIXED-USE DEVELOPMENT FOR LEASE/SALE

East Beach | Phase 7 Norfolk, VA

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

Cushman & Wakefield | Thalhimer © 2015. No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

For more information, contact:

ERIC STANLEY Vice President 757 499 2739 [email protected]

TROY PARKER Principal Broker | Partner Parker Burnell Real Estate Group 757 222 0111 [email protected]

The Town Center of Virginia Beach 222 Central Park Ave., Suite 1820

Virginia Beach, VA 23462 www.thalhimer.com

Trade Area household

income between

$50,000 - $74,999

2017 percentage of the population

between the ages of 25 – 34 year old.

20.2%

Source: Regis Pro/Sites USA 2017 Estimates

2017 Average Household

Income

$62,129 18.4%

2017 percentage of the population

between the ages of 55-64 year old. 11.6%

Class A ground-floor retail space with excellent walkability & access, & ample surface lot parking

Affluent residents of East Beach are without ample

retail options and need more service-oriented retailers

including restaurants

class a mixed-use development for …...bay point condos, and nearby apartments on pretty lake...

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