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Built in 2005, the subject property is located next to Walmart in Red Mill Commons and beside Red Mill Walk, which together represents nearly one million square feet of retail. This submarket serves one of the most affluent areas in Virginia Beach, with an average household income being $110,654 in a 3-mile radius. As well, the Sandbridge Beach adds a population of nearly 54,000 renters and residents during the warmer
months. New residential and light retail growth continues into the Pungo community of southern Virginia Beach, just south of Red Mill. Retailers include Walmart, Target, HomeGoods, TJMaxx, Michael’s, Panera, Starbucks, OfficeMax, Rite Aid, Home Depot, Dollar Tree, Petco, Navy Federal, Walgreens and many more!