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6361 Indian River Rd
Virginia Beach, VA 23464
Kings Creek Shoppes - Virginia Beach, VA · Retail Property For Sale
Investment Highlights
- Attractive Yield in a Primary Market: Rare Opportunity to Acquire a 100% Leased Retail Center in a Densely Populated, High-Demand Submarket
- Located in a Dominant Retail Corridor: Situated Along a Highly Active Retail Stretch of Indian River Road, Adjacent to a Food Lion– Anchored Center
- Newer Construction Property: Built in 2008, this Strip Center Boasts Attractive Building Quality
- Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy
- Core Coastal Market With Strong Fundamentals: Part of the 1.8 Million-Resident Hampton Roads Metro
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,670 SF
Building Class
C
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.61 AC
Zoning
B-2 - Commercial
Parking
48 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
294’ on Indian River Road
Amenities
- Bus Line
Property Taxes
| Parcel Number | 1456-24-4833 | Improvements Assessment | $801,600 |
| Land Assessment | $889,800 | Total Assessment | $1,691,400 |
Property Taxes
Parcel Number
1456-24-4833
Land Assessment
$889,800
Improvements Assessment
$801,600
Total Assessment
$1,691,400
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