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Kings Creek Shoppes - Virginia Beach, VA 6361 Indian River Rd 13,670 SF 86% Leased Retail Building Virginia Beach, VA 23464 $3,768,984 CAD ($275.71 CAD/SF) 7.21% Cap Rate
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
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 13,670 SF Kings Creek Shoppes Located at 6361 Indian River Rd in Virginia Beach, VA. This Deal Includes a Rare Opportunity to Acquire a 100% Leased Retail Center in a Densely Populated, High-Demand Submarket With Strong In-Place Income and an Attractive Cap Rate, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,670 SF
Building Class
C
Year Built
2008
Price
$3,768,984 CAD
Price Per SF
$275.71 CAD
Cap Rate
7.21%
NOI
$271,744 CAD
Percent Leased
86%
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Aiduals Tobacco
- Rental and Leasing Services
- 1,420 SF
- $24.40 CAD
- Triple Net
- Mar 2027
- Cottage Care
- Retailer
- 1,420 SF
- $14.71 CAD
- Triple Net
- Jun 2027
- Drop Fitness
- Retailer
- 2,250 SF
- $17.87 CAD
- -
- Sep 2027
- Envisions Tattoo
- Retailer
- 2,250 SF
- $22.88 CAD
- Triple Net
- Jul 2027
- Hair Salon
- Retailer
- 900 SF
- $20.16 CAD
- -
- Nov 2027
- Jiffy Lube
- Retailer
- 2,070 SF
- $39.66 CAD
- -
- Jan 2031
- Mediterianian Grocery
- Retailer
- 1,420 SF
- $21.23 CAD
- -
- Feb 2028
- Miguel’s LLC
- Retailer
- 1,940 SF
- $12.00 CAD
- Triple Net
- Dec 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Aiduals Tobacco | Rental and Leasing Services | 1,420 SF | $24.40 CAD | Triple Net | Mar 2027 | |
| Cottage Care | Retailer | 1,420 SF | $14.71 CAD | Triple Net | Jun 2027 | |
| Drop Fitness | Retailer | 2,250 SF | $17.87 CAD | - | Sep 2027 | |
| Envisions Tattoo | Retailer | 2,250 SF | $22.88 CAD | Triple Net | Jul 2027 | |
| Hair Salon | Retailer | 900 SF | $20.16 CAD | - | Nov 2027 | |
| Jiffy Lube | Retailer | 2,070 SF | $39.66 CAD | - | Jan 2031 | |
| Mediterianian Grocery | Retailer | 1,420 SF | $21.23 CAD | - | Feb 2028 | |
| Miguel’s LLC | Retailer | 1,940 SF | $12.00 CAD | Triple Net | Dec 2026 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,940 SF | Retail | - | Now |
1st Floor
| Size |
| 1,940 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,940 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1456-24-4833 | Improvements Assessment | $1,130,344 CAD |
| Land Assessment | $1,254,716 CAD | Total Assessment | $2,385,060 CAD |
PROPERTY TAXES
Parcel Number
1456-24-4833
Land Assessment
$1,254,716 CAD
Improvements Assessment
$1,130,344 CAD
Total Assessment
$2,385,060 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Kings Creek Shoppes - Virginia Beach, VA | 6361 Indian River Rd
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