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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
| Parcel Number | 1485-26-5184 | Improvements Assessment | $1,305,300 |
| Land Assessment | $1,157,700 | Total Assessment | $2,463,000 |
Property Taxes
Parcel Number
1485-26-5184
Land Assessment
$1,157,700
Improvements Assessment
$1,305,300
Total Assessment
$2,463,000
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