Bilt Commercial

50K SF Grocery Anchored Center Strong Demographics

Price
$5,800,000
Cap Rate
8.0%
Occupancy
100%
GLA
50,387 SF
Lot Size
4.54 AC
Year Built
1982

CONTACT

brandon

Brandon Hakimi

Director of Investment Sales

Investment Highlights

100% OCCUPIED WITH LONG-TERM TENANTS – Fully leased retail center offering stable, reliable income from established tenants.

PRIME VIRGINIA BEACH LOCATION – Positioned in a high-traffic corridor with strong visibility and consumer access.

ANCHORED BY SUPERMARKET – Dominant and well-established international grocer draws consistent foot traffic with a loyal and diverse customer base. The Supermarket also attracts customers from beyond the immediate area due to its unique product mix and live seafood offerings.

HIGH-PERFORMING RETAIL CORRIDOR – Strategically located along a key commercial artery in Virginia Beach, with strong traffic counts and dense surrounding rooftops.

NNN LEASE STRUCTURES – All tenants are on Triple Net (NNN) leases, offering predictable income and reduced management intensity.

STRONG DEMOGRAPHICS & LOCAL GROWTH – Positioned within a dense trade area featuring strong median household incomes, a growing population, and year-round consumer demand.

RECESSION-RESISTANT TENANT MIX – Grocery, service-based, and necessity-driven retailers ensure relevance and foot traffic regardless of economic cycles.