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7-Eleven with Gas Station, Ground Lease - Chesapeake, VA 20 yr. term w/ 3 5-yr. options - 12/07 commencement (10% rent bumps every 5 years!) 7-Eleven ground lease gas and convenience store location on oversized 1.667 acre parcel. Strong S&P rated AA- corporate guarantee. 20 yr primary term lease commenced in Dec. 2007 with 10% rent bumps every 5 years and three 5 yr. renewal options. 72,614SF (1.667 Acres) represents entire ground lease. Low equity requirement ($1,440,000 cash down opportunity - debt in place can be assumed.) Click Property Profile for details. * Price: $2,640,000 * NOI: $132,000/yr * Cap: 5.0% * NNN
Construction now complete! New development outside of Chesapeake Square Mall Excellent visibility on Taylor Road off Chesapeake Square Ring Road Fully leased with strong tenant roster
Winner of Virginia Pilot "Best Sandwich of Chesapeake for 2014". Very clean store with a friendly experience staff! Huge potential! In business for over 6 years with same owner. Owner needs to focus on MBA studies and can't operate the store any longer. This investment will payback in 1 to 2 years!
Building is +/- 4800 sq ft built in 2006 Property is .823 acre and zoned B-2 Asking $1,400,000.00 For Sale or $24 psf nnn lease
Property for sale or build to suit.
4,702 SF For Sale at $595,000 ($126.54)/SF with 4,700 SF Available for Lease 4,702 SF Retail Day Care Center Building Built in 1978
Formerly a Funeral Home, leased until April 2015. Perfect for Daycare, School, office, funeral home or church.
Shopping center with nearly 70,000 sq. ft. of retail space (we have some leasable space available). In addition there is a free standing bank building ready for turn-key operation. There are more than 13 acres of property with an abundance of parking. Conceptual drawings for additional buildings are available for review. Pylon signage and good street exposure. Property located at signaled intersection. Across the street is a new neighborhood retail center anchored by Food Lion. Activity in the area is strong with a good deal of new construction in the surrounding neighborhoods. Soon to open Jorden Bridge should be a boon to the area. In South Norfolk there are big plans for future development. Great Potential for the savvy investor.
This property features excellent visibility and signage with 42,000 VPD. This property is currently occupied by Kmart, Do not disturb tenant.