6361 Indian River Road

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6361 Indian River Road

Virginia Beach, VA 23464
Asking Price
$2.60M
Cap Rate
8.04%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

100% Leased Retail Center | Below Market Rents | 8.04% CAP | Dominant Retail Corridor <ul><li>​<strong style="color: rgba(70, 84, 91, 1)">Attractive Yield in a Primary Market: </strong><span style="color: rgba(70, 84, 91, 1)">Rare opportunity to acquire a 100% leased retail center in a densely populated, high-demand submarket with strong in-place income and an attractive 8.04% CAP rate.</span></li><li>​<strong style="color: rgba(70, 84, 91, 1)">Value-Add Through Mark-to-Market Rents: </strong><span style="color: rgba(70, 84, 91, 1)">Current rents are below market, with shorter le

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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