Oyster Point Square
Newport News, VA

ABOUT

Oyster Point Square

Oyster Point Square is a 83,089 square foot grocery-anchored neighborhood center located in Newport News, Virginia. Anchoring the center since built in 1986 is a 35k SF Food Lion, the market dominant grocery chain with over 80 locations in the Newport News / Hampton Roads MSA. Oyster Point Square is well-leased with other credit and regional tenants including Family Dollar, BB&T Bank, and a variety of restaurant and service tenants. The center is strategically positioned on the region’s busiest retail corridor of Jefferson Avenue (53k VPD), with convenient access from I-64 (123k VPD) and Route 17 (42k VPD). The Newport News / Hampton Roads MSA is ranked the 37th largest in the nation, benefiting from a diverse line-up of economic engines such as defense, technology, shipbuilding, logistics and tourism. The center is in a dense, infill location with approximately 80k people with an average household income of $87,000 within a 3-mile radius.

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Site Plan

 

*Any projections, assumptions, or estimates used are representation only and may not reflect the current or future status or performance of the property.

Date of Acquisition:

June 2018

Total GLA:

~83,100 SF

Anchor Tenant

Food Lion
Family Dollar
BB&T Bank

CATEGORY
Unrealized