1505 Lynnhaven Parkway

Highlights:

• Dominant Neighborhood Retail Asset
• Strong Grocery Anchor Driving Repeat Traffic
• Exceptional Market Fundamentals
• Dense and Affluent Consumer Base
• Stable Income with Growth Potential

Description:

Lynnhaven Green is a fully leased, ±50,838 SF neighborhood center in Virginia Beach. Farmers International Foods has anchored it for the past 13 years; the international grocer draws shoppers from well beyond the neighborhood and generated about $12 million in sales in 2024. The center sits in one of the region's tightest retail submarkets, where vacancy was about 2.2% in mid-2026.

Lynnhaven Green serves a trade area of approximately 278,000 residents with average household incomes nearing $115,000 and benefits from its proximity to Naval Air Station Oceana, just six miles away. With more than 44,000 vehicles passing daily along Lynnhaven Parkway and Rosemont Road and below-market rents, the center offers investors a stable cash-flowing asset with meaningful upside.

Positioned just two miles south of Lynnhaven Mall, the region's dominant retail destination, the property benefits from one of the most active commercial corridors in Southeastern Virginia. The mall's extensive mix of national retailers, dining, entertainment, and regional draw generates substantial consumer traffic along Lynnhaven Parkway, creating consistent visibility and accessibility for the center.

As a neighborhood shopping destination, Lynnhaven Green captures the daily flow of residents, commuters, and shoppers traveling to and from the mall area. Its convenient mix of grocery, service, and dining uses allows tenants to benefit from both local demand and spillover traffic, reinforcing the property's long-term stability and growth potential.

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