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Kings Creek Shoppes - Virginia Beach, VA 6361 Indian River Rd 13,670 SF 100% Leased Retail Building Virginia Beach, VA 23464 $3,554,044 CAD ($259.99 CAD/SF) 8.04% Cap Rate
Investment Highlights
- Rare opportunity to acquire a 100% leased retail center in a densely populated, high-demand submarket with strong in-place income.
- Situated along a highly active retail stretch of Indian River Road, adjacent to a Food Lion–anchored center and other national tenants.
- Built in 2008, this strip center boasts attractive building quality.
- Current rents are below market, with shorter lease terms offering a near-term opportunity to reposition tenancy and increase NOI.
- Part of the 1.8 million-resident Hampton Roads metro, Virginia Beach combines coastal appeal with major institutional anchors like the U.S. military.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 13,670 SF Kings Creek Shoppes located at 6361-6365 Indian River Road in Virginia Beach, VA. This deal presents a rare opportunity to acquire a 100% leased retail center in a densely populated, high-demand submarket, featuring strong in-place income and an attractive cap rate, providing a secure investment opportunity.
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
Property Type
Retail
Property Subtype
Building Size
13,670 SF
Building Class
C
Year Built
2008
Price
$3,554,044 CAD
Price Per SF
$259.99 CAD
Cap Rate
8.04%
NOI
$285,798 CAD
Percent Leased
100%
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
- Retailer
- 1,420 SF
- $24.63 CAD
- Triple Net
- Mar 2027
- Cottage Care
- Retailer
- 1,420 SF
- $14.42 CAD
- Triple Net
- Jun 2027
- Drop Fitness
- Retailer
- 2,250 SF
- $1.46 CAD
- Modified Gross
- Sep 2027
- Envisions Tattoo
- Retailer
- 2,250 SF
- $22.42 CAD
- Triple Net
- Jul 2027
- J.Coles and company & company
- Services
- 900 SF
- $24.89 CAD
- -
- Nov 2027
- Jiffy Lube
- Retailer
- 2,070 SF
- $38.86 CAD
- -
- Jan 2031
- Mediterranean Grocery
- Retailer
- 1,420 SF
- $20.80 CAD
- Modified Gross
- Feb 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Aiduals Tobacco | Retailer | 1,420 SF | $24.63 CAD | Triple Net | Mar 2027 | |
| Cottage Care | Retailer | 1,420 SF | $14.42 CAD | Triple Net | Jun 2027 | |
| Drop Fitness | Retailer | 2,250 SF | $1.46 CAD | Modified Gross | Sep 2027 | |
| Envisions Tattoo | Retailer | 2,250 SF | $22.42 CAD | Triple Net | Jul 2027 | |
| J.Coles and company & company | Services | 900 SF | $24.89 CAD | - | Nov 2027 | |
| Jiffy Lube | Retailer | 2,070 SF | $38.86 CAD | - | Jan 2031 | |
| Mediterranean Grocery | Retailer | 1,420 SF | $20.80 CAD | Modified Gross | Feb 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1456-24-4833 | Improvements Assessment | $1,091,907 CAD |
| Land Assessment | $1,212,050 CAD | Total Assessment | $2,303,957 CAD |
Property Taxes
Parcel Number
1456-24-4833
Land Assessment
$1,212,050 CAD
Improvements Assessment
$1,091,907 CAD
Total Assessment
$2,303,957 CAD
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Kings Creek Shoppes - Virginia Beach, VA | 6361 Indian River Rd
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