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Suncom Center 4336 Virginia Beach Blvd 5,138 SF 100% Leased Retail Building Virginia Beach, VA 23452 $1,924,195 ($374.50/SF) 6.25% Cap Rate
Investment Highlights
- Two tenant 5,150 SF shopping center on 0.4 Acres
- High profile Pembroke/Thalia location
- Pylon sign available
- 43,000 VPD with a turn lane and four-way ingress/egress
- Excellent area restaurant sales
Executive Summary
Great investment opportunity in the Pembroke area of Virginia Beach near Virginia Beach Town Center. 4336 Virginia Beach Blvd is a two tenant, high-profile property with leases secured from a regional retailer and a national franchise in 2020/2021.
4336 Virginia Beach Blvd is highly visible with a daily traffic count of 43,000 vehicles. Its located in the most sought-after submarket in the region, Pembroke which is renowned for its excellent restaurant sales and being many retailers first to market location for Hampton Roads.
4336 Virginia Beach Blvd is highly visible with a daily traffic count of 43,000 vehicles. Its located in the most sought-after submarket in the region, Pembroke which is renowned for its excellent restaurant sales and being many retailers first to market location for Hampton Roads.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,138 SF
Building Class
B
Year Built/Renovated
1960/1999
Price
$1,924,195
Price Per SF
$374.50
Cap Rate
6.25%
NOI
$120,262
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.41 AC
Zoning
B2
Parking
8 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
202’ on Virginia Beach Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1477-85-3452 | Improvements Assessment | $347,300 |
| Land Assessment | $623,800 | Total Assessment | $971,100 |
Property Taxes
Parcel Number
1477-85-3452
Land Assessment
$623,800
Improvements Assessment
$347,300
Total Assessment
$971,100
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Contact the Sale Advisor
Suncom Center | 4336 Virginia Beach Blvd