Technical
Financial
Distress signals
Property profile

353 Independence Blvd Virginia Beach, VA 23462

OFF-MARKET
Neighborhood centers
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Pembroke Plaza offers an exceptional opportunity for retailers seeking high-visibility locations in the thriving Town Center area of Virginia Beach. This neighborhood center boasts five available retail spaces ranging from 1,875 to 3,025 square feet, providing flexibility for various business needs. The property enjoys a highly desirable location directly across from Pembroke Mall, placing it in close proximity to major retailers such as Nordstrom Rack, REI, The Fresh Market, and DSW. This strategic positioning ensures significant foot traffic and brand visibility, maximizing exposure to a large and affluent customer base. The center's multiple tenancy structure fosters a vibrant and diverse shopping environment, creating a synergistic effect that benefits all occupants. Base rent is negotiable, and the Net, Net, Net (NNN) expenses are $3.54 per square foot. A total of 9,900 square feet is currently vacant, presenting a unique opportunity for expansion or the establishment of multiple businesses within a single, well-established center. This property represents a compelling investment opportunity in a prime Virginia Beach location with exceptional visibility and access to a substantial consumer market. Contact us today to learn more about leasing opportunities and explore the potential of this thriving retail center.

Property profile

Verified
Property type Neighborhood centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

353 Independence Blvd Virginia Beach, VA 23462
Virginia Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 353 Independence Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message