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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

Colliers is pleased to exclusively offer for sale, Poquoson Shopping Center (the “Property”), a Planet Fitness anchored 60,878 SF stabilized neighborhood retail asset positioned in the heart of the desirable Poquoson trade area. The center benefits from its highly visible location at main and main along Wythe Creek Road at Victory Blvd, the primary commercial corridor connecting Poquoson to the greater Hampton Roads region.
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

Sale Type
Investment
Property Type
Retail
Building Size
60,878 SF
Building Class
B
Year Built/Renovated
1980/2004
Price
$7,250,000
Price Per SF
$119.09
Cap Rate
7.93%
NOI
$575,035
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.26
Lot Size
5.40 AC
Zoning
B2
Parking
259 Spaces (4.25 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Local Pizza Restaurant serving the Poquoson area.

  • Retailer
  • -
  • -
  • Triple Net
  • -

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.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -

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.

  • Retailer
  • -
  • $15.45
  • Triple Net
  • Nov 2014

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
  • Finance and Insurance
  • -
  • -
  • -
  • -

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.

  • Information
  • -
  • -
  • -
  • -

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.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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 - - - -
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100

Nearby Major Retailers

Snap Fitness 24/7
El Rancho Restaurante Mexicano
Food Lion

Property Taxes

Property Taxes

Parcel Number
27-01-00-0108
Land Assessment
$277,600
Improvements Assessment
$723,700
Total Assessment
$1,001,300
  • Listing ID: 38608471

  • Date on Market: 12/1/2025

  • Last Updated:

  • Address: 456-476 Wythe Creek Rd, Poquoson, VA 23662

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