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6361 Indian River Rd
Virginia Beach, VA 23464

$2,700,000 USD

Freestanding For Sale  •  13,670 SF

Property Details

• Property Type Freestanding
• Total Building Size 13,670 SF
• Lot Size 1.61 AC
• Building Class C
• Year Built 2008
• Cap Rate 7.21 %
• Tenancy Multiple
• Zoning B-2

39 Transit Score

71 Walk Score

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

Cap Rate:

7.21 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Aiduals Tobacco	1,420 SF	3/2/2027
Cottage Care	1,420 SF	6/2/2027
Drop Fitness	2,250 SF	9/2/2027
Envisions Tattoo	2,250 SF	7/2/2027
Hair Salon	900 SF	11/2/2027
Jiffy Lube	2,070 SF	1/2/2031
Mediterianian Grocery	1,420 SF	2/2/2028
Miguel’s LLC	1,940 SF	12/2/2026

Amenities

• Bus Line

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	5.0 mi
Airport	Drive	Walk	Distance
Norfolk International	14 min	-	7.0 mi
Newport News/Williamsburg International	50 min	-	32.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	48
Type:	Surface
Included in Rent:	Yes