Retail Business for Sale in Virginia Beach, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Virginia Beach, VA 23464

Description

Marcus & Millichap is pleased to present a Childtime located in Virginia Beach, VA (Norfolk MSA). Investment Highlights: • 18+ Year Operating History at this Location (40+ Year Operating History as a Daycare) • Learning Care Group – 2nd Largest Corporate Operator in the Country • Over $205,000,000 Spent on Education and Daycare in a 5-Mile Radius • Norfolk MSA – Densely Populated with Nearly 300,000 People in 5-Miles

Market Context

This retail in Virginia Beach, VA is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Virginia Beach, VA — <a href="/search/sale/retail/virginia/virginia-beach">view the full market</a>.

As of Q4 2023, the Hampton Roads retail market showed a 3.6% vacancy rate, average asking rents near $22.50/SF/yr, and cap rates around 6.6%. Source: Consensus Q4 2023 market report.

Its 7.8% asking cap rate is above the Hampton Roads retail market average of about 6.6%, implying a higher yield (and typically more risk or upside) than comparable assets. Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Hampton Roads?
About 6.6% as of Q4 2023, per Consensus.
Is the Hampton Roads retail market tightening or softening?
Vacancy is around 3.6% (Q4 2023).

Unified Estimate

Medium Confidence

$44.38/SF – $60.04/SF

Mid: $52.21/SF

Rate estimator only; cost-of-business estimate unavailable.

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