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
