6361 Indian River Rd - Freestanding FOR SALE
Virginia Beach, VA 23464 |
$2,600,000 USD
843-931-9503
6361 Indian River Rd
Virginia Beach, VA 23464
HIGHLIGHTS
- Rare opportunity to acquire a 100% leased retail center in a densely populated, high-demand submarket with strong in-place income.
- Current rents are below market, with shorter lease terms offering a near-term opportunity to reposition tenancy and increase NOI.
- Situated along a highly active retail stretch of Indian River Road, adjacent to a Food Lion–anchored center and other national tenants.
- Part of the 1.8 million-resident Hampton Roads metro, Virginia Beach combines coastal appeal with major institutional anchors like the U.S. military.
- 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 6361-6365 Indian River Road in Virginia Beach, VA. This deal presents a rare opportunity to acquire a 100% leased retail center in a densely populated, high-demand submarket, featuring strong in-place income and an attractive cap rate, providing a secure investment opportunity.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$2,600,000 USD
PRICE/SF
$190 USD /SF
CAP RATE
8.04%
% 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, Storefront Retail/Office, 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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843-931-9503
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843-931-9503
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