6361 Indian River Rd - Freestanding FOR SALE
Virginia Beach, VA 23464 |
$2,700,000 USD
843-931-9503
6361 Indian River Rd
Virginia Beach, VA 23464
HIGHLIGHTS
- Attractive Yield in a Primary Market: Rare Opportunity to Acquire a 100% Leased Retail Center in a Densely Populated, High-Demand Submarket
- Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy
- Located in a Dominant Retail Corridor: Situated Along a Highly Active Retail Stretch of Indian River Road, Adjacent to a Food Lion– Anchored Center
- Core Coastal Market With Strong Fundamentals: Part of the 1.8 Million-Resident Hampton Roads Metro
- Newer Construction Property: Built in 2008, this Strip Center Boasts Attractive Building Quality
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 13,670 SF Kings Creek Shoppes Located at 6361 Indian River Rd in Virginia Beach, VA. This Deal Includes a Rare Opportunity to Acquire a 100% Leased Retail Center in a Densely Populated, High-Demand Submarket With Strong In-Place Income and an Attractive Cap Rate, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$2,700,000 USD
PRICE/SF
$233 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kings Creek Shoppes - Virginia Beach, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
1.61 AC
LAND SF
70,132 SF
ZONING
B-2
APN/PARCEL ID
1456-24-4833
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