Oyster Point Square Newport News VA
Date:
February 13, 2023
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. *Any projections, assumptions, or estimates used are representation only and may not reflect the current or future status or performance of the property. Oyster Point Square
Newport News, Virginia Downloads
Date of Acquisition:
June 2018
Total GLA:
~83,100 SF
Anchor Tenants:
Food Lion
Family Dollar
BB&T Bank
Category:
Unrealized