Planet Fitness–anchored retail asset offering durable income and long-term growth potential | Hampton Roads MSA

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.