Offering Memorandum
Investment Sale
Stabilized Two-Tenant Retail Investment
6029-6035 E Virginia Beach Blvd
Norfolk, Virginia
Norfolk, Virginia
eCode:119i
Sales Price
$2,037,959
NOI
$147,752
Cap Rate
7.25%
Building Size
16,325 SF
Lot Size
0.76 AC
Tenant Roster
- Hustler Hollywood
- Audio Light & Music
Traffic Count
Virginia Beach Blvd (25,855 CPD)
Highlights
- Income Durability & Value Creation
- Competitive Retail Positioning
- Attractive Under Market Rental Profile
- Simple Two-Tenant Structure
- Strong Regional Economic Drivers
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 7,313 | 98,040 | 296,448 |
| Household Income | $93,548 | $93,996 | $98,315 |
| Daytime Pop | 10,971 | 59,765 | 139,156 |
SIMILAR PROPERTIES
Single-Tenant
720 Brown Rd
Auburn Hills, Michigan
$2,700,000 | 7,163 SF
Auburn Hills, Michigan
$2,700,000 | 7,163 SF
Single-Tenant
39001 W 12 Mile Rd
Farmington Hills, Michigan
$12,693,574 | 58,613 SF
Farmington Hills, Michigan
$12,693,574 | 58,613 SF
Multi-Tenant
36581 Hathaway St
New Baltimore, Michigan
Contact Broker | 6 Buildings
New Baltimore, Michigan
Contact Broker | 6 Buildings
