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31432832

6029 E Virginia Beach Blvd, Norfolk, VA 23502

DK
MI 6502361395
Landmark Commercial Real Estate Services
ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services
$2,037,959
66 days on market
Updated 32 days ago

Stabilized Two-Tenant Retail Investment

Details
Property Type Retail
Sub Type Storefront
Square Footage 16,325
Units 2
Cap Rate 7.25%
NOI $147,752
Occupancy 100%
Tenancy Multi
Price per SqFt $125
Buildings 1
Stories 1
Acreage 0.760

Retail | 7.25% CAP | Stabilized Two-Tenant Retail Investment with Embedded Upside

Marketing description

Landmark Investment Sales is pleased to exclusively present the opportunity to acquire a stabilized two-tenant retail investment located at 6029–6035 E. Virginia Beach Boulevard in Norfolk, Virginia. The 16,325-square-foot retail property is currently 100% leased, generating approximately $147,750 of in-place Net Operating Income, providing investors with immediate and predictable cash flow. Strategically positioned along Virginia Beach Boulevard, the property benefits from strong visibility, convenient access, and proximity to numerous retailers, healthcare providers, and employment centers throughout the Hampton Roads region. Supported by strong regional economic drivers, including Naval Station Norfolk, the Port of Virginia, major healthcare systems, and regional universities, the market benefits from consistent employment growth and consumer spending. The asset represents an attractive opportunity to acquire stabilized retail real estate with a simple tenant structure and durable income characteristics.

Investment highlights

  • Income Durability & Value Creation
  • Competitive Retail Positioning
  • Attractive Under Market Rental Profile
  • Simple Two-Tenant Structure
  • Strong Regional Economic Drivers

Listing Contacts

DK
MI 6502361395
Landmark Commercial Real Estate Services
ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,752.00
$12,312.67/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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