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Retail Investment Leasehold
For Sale
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1641 Independence Blvd, Virginia Beach, VA 23455

Retail property offered for sale with a brand new 15-year lease in place.

Property SizeContact for details
Days on Market123

Property Features for 1641 Independence Blvd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Matthews
Listed By: Connor Knauer · License #413436
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 8:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This is a retail investment property being offered for sale with a brand new 15-year lease in place. The information provided does not include specific building size, unit count, or interior/exterior details, but the lease term is established as part of the offering.

The property is located at 1641 Independence Blvd in Virginia Beach, Virginia.

The listing is focused on the durability of the existing lease structure, supported by the stated 15-year term.

Key Highlights

  • Retail property for sale with a brand new 15‑year lease in place

Property Analytics

Current Use

Rally's Restaurant

Suggested Use

Top Pick Law Firm Dental Office Building Supply Auto Repair Shop Real Estate Agency Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 49% Dining 48% Electronics 3%
7-Eleven Shops & Services
9,416 visits/mo 0.1 miles
Rally's Dining
7,445 visits/mo 0.1 miles
Marco's Pizza Dining
2,143 visits/mo 0.1 miles
Verizon Electronics
540 visits/mo 0.1 miles
Extra Space Storage Shops & Services
436 visits/mo 0.2 miles

Demographics for 23455, VA

50,599
Population
22,286
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
3,329
Density / Sq Mi
$88,223
Median Household Income
$49,119
Median Earnings
$1,610
Median Rent
$397,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property offered for sale with a brand new 15-year lease in place.
Where is this retail space located?
The property is located at 1641 Independence Blvd Virginia Beach, VA.
What are key features of this property?
This property features: Retail property for sale with a brand new 15‑year lease in place
More about this property
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