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6361 Indian River Rd
Virginia Beach, VA 23464

$2,600,000 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 8.04 %
  • Tenancy Multiple
  • Zoning B-2
30 Transit Score
50 Walk Score

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.
Cap Rate: 8.04 %

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
J.Coles and company & company 900 SF 11/2/2027
Jiffy Lube 2,070 SF 1/2/2031
Mediterranean Grocery 1,420 SF 2/2/2028

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
10 min - 5.0 mi
AirportDriveWalkDistance
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
Alex Conley 843-931-9503 Sands Investment Group
Alex Conley 843-931-9503 Sands Investment Group