Retail Business for Lease in Virginia Beach, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Virginia Beach, VA 23454

Description

Retail For Lease | 4,198 SF For Sale | Building Size: 4,198 SF | Lot Size: 0.98 ac Former Hooters Available - Closing After 21 Years!Close to military bases, major shopping hubs, municipal centers, oceanfront & tourist attractions, and great demographics! Key Facts Features Pylon sign Outdoor seating Restaurant upgrades that include: hood, walk-ins, grease trap and more Area traffic generators: Oceana Naval Air Station, Camp Pendleton, Virginia Aquarium & Marine Science Center, Red Mill and the Virginia Beach Courthouse & Municipal Center Pylon sign Outdoor seating Restaurant upgrades that include: hood, walk-ins, grease trap and more Area traffic generators: Oceana Naval Air Station, Camp Pendleton, Virginia Aquarium & Marine Science Center, Red Mill and the Virginia Beach Courthouse & Municipal Center Restaurant upgrades that include: hood, walk-ins, grease trap and more Area traffic generators: Oceana Naval Air Station, Camp Pendleton, Virginia Aquarium & Marine Science Center, Red Mill and the Virginia Beach Courthouse & Municipal Center For Sale and Lease More details For Lease or Sale: 908 General Booth Blvd 908 General Booth Blvd, Virginia Beach, VA 23451, USA 3,982 SF Retail For Lease or Sale: 908 General Booth Blvd 908 General Booth Blvd, Virginia Beach, VA 23451, USA 3,982 SF Retail

Market Context

This retail in Virginia Beach, VA is listed for lease. It has been on the market for 128 days. Compare it against other retail listings for lease in Virginia Beach, VA — <a href="/search/lease/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.

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

$1.60/SF/mo – $2.16/SF/mo

Mid: $1.88/SF/mo

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

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