Your email has been sent.
Poquoson Shopping Center 456-476 Wythe Creek Rd 60,878 SF 100% Leased Retail Building Poquoson, VA 23662 $7,250,000 ($119.09/SF) 7.93% Cap Rate



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 started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
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
- -
- -
- -
- -
- Jul 2023
Planet Fitness began in 1992 when Michael and Marc Grondahl bought a failing Gold's Gym in Dover, New Hampshire. The company created a welcoming environment for casual exercisers with its Judgement Free Zone concept. Planet Fitness grew rapidly through franchising, becoming one of the largest fitness chains globally. The business model focuses on affordability and accessibility with low membership fees. The company provides cardio and strength equipment, free fitness training, and various membership options. Planet Fitness operates thousands of locations worldwide.
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
- -
- -
- -
- -
- Apr 2026
Truist Financial Corporation was created through a 2019 merger between BB&T and SunTrust Banks. The company provides consumer and commercial banking, wealth management, and investment services. Truist also offers various insurance products and operates numerous branches across multiple states. The company serves both individual and corporate clients through diverse financial products. Truist maintains a significant presence in the southeastern United States while offering services nationwide.
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 began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| 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
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

