5483 Virginia Beach Blvd
Virginia Beach, VA 23462
Guitar Center · Retail Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Guitar Center property located in Virginia Beach, Virginia. Guitar Center has been successfully operating from this location since 2000 and has executed multiple lease extensions over their tenancy, demonstrating commitment. The current lease runs through September 2031 and features two 5-year renewal options, each with a 10% rental escalation.
The 16,000 square-foot building is positioned along Virginia Beach Boulevard, which carries approximately 37,000 vehicles per day, just off Newtown Road with an additional 35,000 vehicles per day. The property benefits from immediate access to the Interstate 264 and Interstate 64 interchange, generating roughly 212,000 and 179,000 vehicles per day, respectively. Surrounding retailers include Topgolf, La-Z-Boy, BMW, Audi, Toyota, AutoZone, CVS, and numerous other national and regional tenants. The corridor is further supported by strong daily traffic drivers including Sentara Leigh Hospital, Virginia Wesleyan University with approximately 5,000 students, and Bayside High School with roughly 2,000 students. More than 289,000 residents live within a five-mile radius, with average household income exceeding $105,000.
Guitar Center is the largest musical instrument retailer in the United States, founded in 1959 by Wayne Mitchell in Hollywood, California, initially as The Organ Center selling electronic organs before evolving in the mid-1960s—prompted by The Beatles’ influence and the addition of Vox amplifiers—into a guitar-focused store renamed Guitar Center. Headquartered in Westlake Village, California, the company operates over 300 stores nationwide and offers a wide range of products including guitars, basses, drums, amplifiers, keyboards, pro audio equipment, recording gear, and accessories, serving musicians at all levels through both physical locations and its online platform at guitarcenter.com.