Red Mill Commons - Virginia Beach

Leasing Information

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Location:

SW corner of extended Nimmo Parkway at Upton Drive, Virginia Beach, Virginia.

Description:

150-Acre Regional/Neighborhood Retail Development

GLA:

Phase I - 675,000 SF (Red Mill Commons)
Phase II - 240,000 SF (Red Mill Walk)

Anchors:

Super Wal-Mart, Home Depot, T.J. Maxx, Michaels, Pier 1 Imports, Target (March ’08).

Rental Rate:

$24.00 - $32.00 per square foot

In-Line Space:

47,900 s.f.

Restaurant Out-Parcels:

$95,000 - $125,000 annually

Demographics:

	5 mi. radius	7 mi. radius	10 mi. radius
2007 Population	84,695	195,211	332,978
2007 Avg. HH Income	$80,411	$68,200	$75,278

Trade Area:

Population: 92,360; Avg. HH Income: $69,351
Red Mill Commons was reported by Inside Business as the 4th Wealthiest Zip Code in the Hampton Roads area.

Traffic Counts:

37,778 on General Booth Blvd., from London Bridge to Nimmo Pkwy.