This Retail Property is no longer advertised on LoopNet.com.

2052 S Independence Blvd
Virginia Beach, VA 23453
Retail Property For Sale

Investment Highlights

  • SHADOW ANCHORED BY TARGET ON HIGHLY TRAFFICKED INTERSECTION WITH 75,000 VPD
  • 100% OCCUPIED WITH 6.5 YEARS OF WALT
  • UPSIDE FROM BELOW MARKET RENTS: SWEET FROG, STATE FARM AND GOLDEN CHINA 48%, 30% AND 36% BELOW FMV RESPECTIVELY RESULTING IN A 3.41% 10-YEAR NOI CAGR
  • 122,125 POPULATION WITH $110,368 AHHI WITHIN A 3-MILE RADIUS
  • 77% OF GLA OCCUPIED WITH NATIONAL TENANTS
  • MINIMAL NEAR-TERM CAPITAL REQUIRED, WITH RECENT UPGRADES TO SIDEWALKS, PARKING LOTS AND FACADES, AS WELL AS A ROOF RENOVATION PERFORMED IN 2018

Property Facts

Property Type
Retail
Building Size
11,970 SF
Building Class
C
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.34 AC
Zoning
PDH1
Parking
142 Spaces (11.86 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Security System
  • Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
1485-26-5184
Land Assessment
$1,157,700
Improvements Assessment
$1,305,300
Total Assessment
$2,463,000
  • Listing ID: 37046768

  • Date on Market: 7/31/2025

  • Last Updated:

  • Address: 2052 S Independence Blvd, Virginia Beach, VA 23453

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