Princess Anne Marketplace

Jones Lang LaSalle is pleased to present the opportunity to acquire Princess Anne Marketplace – a 26,578 square foot shopping center in Virginia Beach, Virginia - Shadow Anchored by Target and Featuring a Dunkin’ Drive-Thru.

Built in 1998 and 1999, Princess Anne Marketplace consists of two freestanding retail centers – 2052 and 2076 S Independence Blvd. The Property is 100% leased with 6.5 years of WALT and is located within a larger shopping center shadow anchored by a 111,966 square foot Target. The Property has upside through future rent increases due to current below market rents.

2076 S Independence Blvd contains three tenants: Ivy Rehab, Jackson Hewitt Tax Service, and Acredale Animal Hospital. 2052 houses two insurance providers – State Farm and Direct Auto Insurance – and features a variety of restaurant options including Dunkin’, Papa John’s, Golden China, A&M Finest Deli, and Sweet Frog.

The Property is situated at the heavily trafficked intersection of S Independence Blvd and Princess Anne Rd, providing access to 75,000 vehicles per day.

Endorsed by strong surrounding retail presence, the Property is located in a high-performing retail node in Virginia Beach. Located in the Hampton Roads MSA, the Property is situated in a stable market supported by the United States Navy and The Port of Virginia.