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Poquoson Shopping Center 456-476 Wythe Creek Rd 60,878 SF 100% Leased Retail Building Poquoson, VA 23662 For Sale



Investment Highlights
- Credit Fitness, QSR, and Discount Anchors with Brand New Long-Term Leases
- Prime Retail Location
- Premier Location in the Region’s Wealthiest City
- Stabilized and Tenured Rent Roll with Tangible Rent Growth
- Substantial Recent Capex Program
- Strong Rental Income Growth
Executive Summary
The new long-term lease with Planet Fitness (opened March 2026), a nationally recognized credit tenant and strong operator, brings a steady traffic driver and strengthens the long-term profile of the asset. The lease further reflects a meaningful commitment to the location by Planet Fitness and underscores the center’s strong local demographics and sustained retail demand. Complemented by a diverse tenant mix of service-oriented and daily-needs retailers (including a newly renewed Wendy’s outparcel), the Property serves as a community hub for nearby residents, drawing consistent traffic throughout the day. The center’s functional layout, accessible parking field, and stable occupancy further enhance its competitive positioning within the market.
The offering provides a compelling opportunity to acquire a stabilized retail asset with immediate in-place yield, backed by a durable income stream from national credit anchors. With limited retail competition in the immediate trade area and strong household incomes, the center is well positioned for long-term value preservation and rent growth.
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Local Pizza Restaurant serving the Poquoson area.
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
Domino's Pizza began in 1960 when brothers Tom and James Monaghan purchased DomiNick's Pizza in Michigan. The company pioneered pizza delivery guarantees in the 1980s and expanded rapidly through franchising. Today, it operates a global network of franchised stores with standardized menus. The business model emphasizes efficient supply chains and digital innovation. Domino's maintains a significant presence in both delivery and carryout segments worldwide.
- Islander Antiquities
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- Jul 2023
Planet Fitness is a public fitness center franchisor and operator headquartered in Hampton, New Hampshire. The company was founded in 1992 and operates within the health and fitness industry, focusing on affordable gym memberships and standardized club formats. Planet Fitness develops, franchises, and operates branded fitness centers that provide cardio, circuit training, and strength equipment, as well as limited in-club instruction. The company’s business model is centered on franchising, with most locations operated by independent franchisees rather than corporate ownership. Planet Fitness supports franchise operations through centralized brand management, equipment sourcing, marketing, and operational systems. Over time, the brand has expanded its footprint beyond the United States into select international markets. Planet Fitness became a publicly traded company in 2015 and is listed on the New York Stock Exchange under the ticker symbol PLNT. In 2024, the company experienced a leadership transition with the appointment of a new chief executive officer. Planet Fitness has also continued to refine its club formats and equipment offerings to support a broader range of fitness preferences. From a real estate perspective, Planet Fitness locations typically occupy large-format retail, power center, or freestanding spaces, with an emphasis on visibility, parking availability, and flexible interior layouts suited to fitness equipment and member circulation.
An abandoned fish shack. An audacious idea. An encased meat paradise. Hot dogs, hamburgers, craft beer and a simple philosophy...exceed expectations and embrace community. A rustic gathering spot for all walks of life.
- Tobacco Center
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- Apr 2026
Truist Bank originated from the 2019 merger between BB&T and SunTrust Banks. The combined entity offers consumer and commercial banking, investment services, and wealth management. Truist provides mortgages, loans, and insurance products through a wide network of branches. The bank emphasizes digital innovation and community development in its operations. Truist serves millions of customers nationwide while maintaining significant market presence in high-growth regions.
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | - | - | - | |
|
Retailer | - | - | Triple Net | - | |
|
Accommodation and Food Services | - | - | - | - | |
| Islander Antiquities | - | - | - | - | Jul 2023 | |
|
Arts, Entertainment, and Recreation | - | - | - | - | |
|
Retailer | - | $15.45 | Triple Net | Nov 2014 | |
| Tobacco Center | - | - | - | - | Apr 2026 | |
|
Finance and Insurance | - | - | - | - | |
|
Information | - | - | - | - | |
|
Accommodation and Food Services | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-01-00-0108 | Improvements Assessment | $723,700 |
| Land Assessment | $277,600 | Total Assessment | $1,001,300 |
Property Taxes
Presented by
Poquoson Shopping Center | 456-476 Wythe Creek Rd
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