FEATURES:

SIZE: 34,989± SF | Sub-Zero Capacity Freezer Space | AVAILABLE: April 1, 2016

Available For Sale or Lease OFFICE/RETAIL - FREESTANDING 923 Glenrock Road, Norfolk, VA 23502

FOR SALE: $1,250,000 | LEASE RATE: $9.75/SF, NNN | Available: April 1, 2020

• Highly-visible freestanding masonry building with excellent signage and easy access from both directions of Glenrock Road

• 200’ of frontage on Glenrock Road and 300’ of depth (1.372 acres)

• Two restrooms and full kitchen/bar

• Abundant Parking: 86 parking spaces free & on-site (better than 8:1 ratio).

• Entire building is air conditioned & heated (heat pumps: 8 zones)

• Wet Sprinkler System

• 800 amp, 240 volt electric service and natural gas

• Zoned C-R (Regional Commercial): allows most retail, service, office, restaurant, and medical uses.

• Excellent central Norfolk location near I‐264, the intersec-tion of Virginia Beach Boulevard and Military Highway, Costco, JANAF and Military Circle Shopping Centers.

± 10,500 Sq. Ft.

Freestanding Building

Large Site: ±

1.37 Acres

Military Circle

(Near Costco)

John Lee, SIOR, President

OWNER/AGENT

5520 Greenwich Rd, Suite 207

Virginia Beach, VA 23462

Phone: 757-490-3311

johnlee@johnleeassociates.com

www.johnleeassociates.com

The information presented in this document was provided by sources believed

reliable. Although we believe this information to be accurate, we make no

guarantee, representations or warranties, expressed or implied, as to the

accuracy of the information. References to sizes and dimensions are

approximate. Said information is subject to errors, omissions or changes.

923 Glenrock Road

923 Glenrock Road, Norfolk, VA 23502

Floor Plan

923 Glenrock Road, Norfolk, VA 23502

Survey

General Retail/ OfficeFreestanding 10,500 SF

Building Type: Secondary:

GLA:

Radius 1 Mile 3 Mile 5 Mile

Population

2024 Projection 6,876 87,390 285,606

2019 Estimate 6,862 88,464 286,765

2010 Census 6,539 92,782 292,221

Growth 2019 - 2024 0.20% -1.21% -0.40%

Growth 2010 - 2019 4.94% -4.65% -1.87%

2019 Population by Age 6,862 88,464 286,765

Age 0 - 4 436 6.35% 5,831 6.59% 19,035 6.64%

Age 5 - 9 378 5.51% 5,406 6.11% 17,985 6.27%

Age 10 - 14 330 4.81% 5,099 5.76% 17,149 5.98%

Age 15 - 19 445 6.48% 5,506 6.22% 18,158 6.33%

Age 20 - 24 766 11.16% 7,683 8.68% 24,303 8.47%

Age 25 - 29 545 7.94% 7,226 8.17% 23,154 8.07%

Age 30 - 34 416 6.06% 6,440 7.28% 21,191 7.39%

Age 35 - 39 362 5.28% 5,640 6.38% 18,889 6.59%

Age 40 - 44 316 4.61% 4,701 5.31% 15,779 5.50%

Age 45 - 49 352 5.13% 4,927 5.57% 16,266 5.67%

Age 50 - 54 436 6.35% 5,469 6.18% 17,577 6.13%

Age 55 - 59 521 7.59% 5,992 6.77% 18,943 6.61%

Age 60 - 64 478 6.97% 5,372 6.07% 16,855 5.88%

Age 65 - 69 359 5.23% 4,280 4.84% 13,519 4.71%

Age 70 - 74 259 3.77% 3,245 3.67% 10,305 3.59%

Age 75 - 79 179 2.61% 2,225 2.52% 7,040 2.45%

Age 80 - 84 130 1.89% 1,600 1.81% 5,025 1.75%

Age 85+ 154 2.24% 1,822 2.06% 5,590 1.95%

Age 65+ 1,081 15.75% 13,172 14.89% 41,479 14.46%

Median Age 36.60 35.90 35.60

Average Age 38.80 38.00 37.60

Demographic Detail Report

923 Glenrock Rd, Norfolk, VA 23502

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019

Demographic Detail Report

923 Glenrock Rd, Norfolk, VA 23502

Radius 1 Mile 3 Mile 5 Mile

2019 Population by Occupation 6,579 83,687 260,691

Real Estate & Finance 207 3.15% 2,941 3.51% 9,270 3.56%

Professional & Management 1,297 19.71% 18,637 22.27% 62,713 24.06%

Public Administration 271 4.12% 4,001 4.78% 12,746 4.89%

Education & Health 710 10.79% 10,313 12.32% 31,825 12.21%

Services 855 13.00% 8,884 10.62% 27,476 10.54%

Information 42 0.64% 881 1.05% 2,959 1.14%

Sales 1,050 15.96% 12,601 15.06% 36,130 13.86%

Transportation 167 2.54% 1,284 1.53% 4,402 1.69%

Retail 519 7.89% 5,775 6.90% 16,759 6.43%

Wholesale 21 0.32% 955 1.14% 2,953 1.13%

Manufacturing 207 3.15% 3,242 3.87% 10,218 3.92%

Production 403 6.13% 4,668 5.58% 15,082 5.79%

Construction 394 5.99% 4,912 5.87% 13,982 5.36%

Utilities 217 3.30% 2,380 2.84% 6,760 2.59%

Agriculture & Mining 10 0.15% 111 0.13% 343 0.13%

Farming, Fishing, Forestry 13 0.20% 22 0.03% 130 0.05%

Other Services 196 2.98% 2,080 2.49% 6,943 2.66%

2019 Worker Travel Time to Job 3,612 46,169 145,579

<30 Minutes 2,506 69.38% 33,392 72.33% 104,197 71.57%

30-60 Minutes 989 27.38% 10,830 23.46% 35,258 24.22%

60+ Minutes 117 3.24% 1,947 4.22% 6,124 4.21%

2010 Households by HH Size 2,494 35,010 111,993

1-Person Households 640 25.66% 8,871 25.34% 29,432 26.28%

2-Person Households 817 32.76% 11,416 32.61% 36,300 32.41%

3-Person Households 485 19.45% 6,652 19.00% 20,729 18.51%

4-Person Households 310 12.43% 4,539 12.96% 14,425 12.88%

5-Person Households 140 5.61% 2,090 5.97% 6,664 5.95%

6-Person Households 55 2.21% 873 2.49% 2,678 2.39%

7 or more Person Households 47 1.88% 569 1.63% 1,765 1.58%

2019 Average Household Size 2.40 2.50 2.50

Households

2024 Projection 2,843 34,023 112,266

2019 Estimate 2,804 34,259 112,257

2010 Census 2,494 35,009 111,994

Growth 2019 - 2024 1.39% -0.69% 0.01%

Growth 2010 - 2019 12.43% -2.14% 0.23%

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019

Demographic Detail Report

923 Glenrock Rd, Norfolk, VA 23502

Radius 1 Mile 3 Mile 5 Mile

2019 Households by HH Income 2,807 34,259 112,257

<$25,000 508 18.10% 6,405 18.70% 23,355 20.80%

$25,000 - $50,000 646 23.01% 7,740 22.59% 25,405 22.63%

$50,000 - $75,000 743 26.47% 7,493 21.87% 23,426 20.87%

$75,000 - $100,000 345 12.29% 4,735 13.82% 15,252 13.59%

$100,000 - $125,000 236 8.41% 3,430 10.01% 10,473 9.33%

$125,000 - $150,000 119 4.24% 1,740 5.08% 5,469 4.87%

$150,000 - $200,000 165 5.88% 1,712 5.00% 5,481 4.88%

$200,000+ 45 1.60% 1,004 2.93% 3,396 3.03%

2019 Avg Household Income $69,485 $73,086 $71,508

2019 Med Household Income $61,085 $60,717 $57,997

2019 Occupied Housing 2,804 34,259 112,257

Owner Occupied 1,342 47.86% 20,649 60.27% 62,507 55.68%

Renter Occupied 1,462 52.14% 13,610 39.73% 49,750 44.32%

2010 Housing Units 2,900 36,914 121,118

1 Unit 1,887 65.07% 27,965 75.76% 83,962 69.32%

2 - 4 Units 170 5.86% 2,424 6.57% 10,547 8.71%

5 - 19 Units 688 23.72% 4,899 13.27% 17,834 14.72%

20+ Units 155 5.34% 1,626 4.40% 8,775 7.25%

2019 Housing Value 1,342 20,649 62,507

<$100,000 87 6.48% 1,087 5.26% 3,786 6.06%

$100,000 - $200,000 640 47.69% 8,407 40.71% 23,630 37.80%

$200,000 - $300,000 507 37.78% 6,840 33.13% 20,931 33.49%

$300,000 - $400,000 65 4.84% 2,731 13.23% 8,494 13.59%

$400,000 - $500,000 12 0.89% 820 3.97% 2,625 4.20%

$500,000 - $1,000,000 31 2.31% 669 3.24% 2,752 4.40%

$1,000,000+ 0 0.00% 95 0.46% 289 0.46%

2019 Median Home Value $191,249 $212,142 $218,334

2019 Housing Units by Yr Built 2,998 37,516 122,875

Built 2010+ 564 18.81% 2,249 5.99% 9,295 7.56%

Built 2000 - 2010 115 3.84% 2,572 6.86% 8,638 7.03%

Built 1990 - 1999 92 3.07% 2,983 7.95% 9,134 7.43%

Built 1980 - 1989 299 9.97% 6,370 16.98% 21,324 17.35%

Built 1970 - 1979 489 16.31% 6,480 17.27% 23,189 18.87%

Built 1960 - 1969 590 19.68% 6,706 17.88% 19,254 15.67%

Built 1950 - 1959 636 21.21% 6,761 18.02% 19,146 15.58%

Built <1949 213 7.10% 3,395 9.05% 12,895 10.49%

2019 Median Year Built 1970 1972 1973

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 Glenrock Rd E Virginia Beach Blvd 0.11 NW 2018 5,201 MPSI .04

2 E Virginia Beach Blvd Vulcan Ave 0.04 E 2018 28,667 MPSI .11

3 E Virginia Beach Blvd Vulcan Ave 0.06 W 2018 28,763 MPSI .19

4 E Virginia Beach Blvd Vulcan Ave 0.07 W 2012 31,653 MPSI .19

5 Poplar Hall Dr E Virginia Beach Blvd 0.03 N 2018 8,354 MPSI .30

6 Poplar Hall Dr E Virginia Beach Blvd 0.03 N 2018 8,367 MPSI .31

7 Poplar Hall Dr Frizzell Ave 0.01 NE 2018 13,988 MPSI .32

8 Poplar Hall Dr Lucas Ave 0.15 SW 2018 8,371 MPSI .36

9 E Virginia Beach Blvd N Military Hwy 0.00 W 2018 30,914 MPSI .39

10 I- 64 E Virginia Beach Blvd 0.21 N 2018 167,244 MPSI .42

Traffic Count Report

923 Glenrock Rd, Norfolk, VA 23502

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019

-

100%

0 SF

1979

10,500 SF

General Retail

Rent/SF/Yr:

% Leased:

Total Available:

Year Built:

GLA:

Building Type:

FreestandingSecondary:

2019 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile

Total Specified Consumer Spending $61,368 $808,440 $2,602,428

Total Apparel $3,873 $49,757 $162,036

Women's Apparel 1,602 20,031 64,985

Men's Apparel 800 10,381 33,639

Girl's Apparel 269 3,754 12,419

Boy's Apparel 188 2,585 8,487

Infant Apparel 184 2,412 7,848

Footwear 830 10,595 34,656

Total Entertainment & Hobbies $4,881 $64,637 $208,935

Entertainment 766 10,169 32,899

Audio & Visual Equipment/Service 2,658 33,441 108,179

Reading Materials 180 2,580 8,450

Pets, Toys, & Hobbies 1,277 18,447 59,407

Personal Items 4,849 63,249 205,695

Total Food and Alcohol $16,605 $216,862 $704,803

Food At Home 9,274 120,281 391,298

Food Away From Home 6,423 84,037 272,003

Alcoholic Beverages 908 12,543 41,503

Total Household $8,427 $113,989 $363,439

House Maintenance & Repair 1,431 22,001 67,202

Household Equip & Furnishings 3,597 46,455 149,469

Household Operations 2,602 34,828 111,927

Housing Costs 798 10,705 34,841

Consumer Spending Report

923 Glenrock Rd, Norfolk, VA 23502

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019

Consumer Spending Report

923 Glenrock Rd, Norfolk, VA 23502

2019 Annual Spending (000s) 1 Mile 3 Mile 5 Mile

Total Transportation/Maint. $15,972 $209,392 $663,525

Vehicle Purchases 6,708 90,583 281,538

Gasoline 5,818 74,412 237,804

Vehicle Expenses 374 4,994 17,023

Transportation 1,072 13,753 45,574

Automotive Repair & Maintenance 2,000 25,650 81,586

Total Health Care $3,047 $41,668 $134,282

Medical Services 1,531 21,358 69,108

Prescription Drugs 1,192 16,121 51,671

Medical Supplies 324 4,189 13,503

Total Education/Day Care $3,714 $48,886 $159,715

Education 2,620 33,387 108,690

Fees & Admissions 1,093 15,499 51,025

The information presented in this document was provided by sources believed reliable. Although we believe this information to beaccurate, we make no guarantee, representations or warranties, expressed or implied, as to the accuracy of the informati

Copyrighted report licensed to John Lee & Associates, Inc. - 527174.

11/21/2019