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NNN Leased Investment Property Ideally suited for redevelopment Close proximity to new Virginia Beach Dome
Profitable self serve frozen yogurt business in favored location. Run by honest and well trained employees. BEST RETURN INVESTMENT. CALL FOR MORE INFORMATION. MUST CALL FOR APPOINTMENT.
MUST SEE THIS BEAUTIFUL CAFE, SALES NAME BRAND YOGURT, CAFE, FOODS...ETC. GOOD PROFIT BUSINESS. MUST CALL FOR AN APPOINTMENT FOR SHOWING
Marcus & Millichap is proud to present this absolute net-leased childcare facility in Virginia Beach, Virginia. Virginia Beach is the most populous city in Virginia, located on the Atlantic Ocean at the mouth of the Chesapeake Bay. The subject property at 6048 Providence Road is well located next to the major intersection of Indian River Road and Providence Road which have a combined traffic count of over 50,000 cars per day. The building resides just off Interstate 64 and is next to Woodstock Elementary School. Additionally, the area boasts strong demographics with a growing population of 296,000 within five miles. This asset is not only in a premium location, but offers favorable lease terms. There are currently six years remaining on the base term with generous increases every five years. There are two five-year options; a new investor can be confident the tenant will renew. This is an ideal investment for any investor looking for a stable asset with a strong return.
This is a portfolio sale of two properties located on heavily traveled Newtown Road just north of Virginia Beach Blvd. The portfolio includes a 0.45 acre lot with a leased six bay auto service facility and an adjacent 0.35 acre vacant corner lot. Both parcels are zoned B-2 and are owned by separate but affiliated owners.
This 8-bay, self serve car wash and lot is zoned B-2 and has many business uses. Possibilities include continuing as a self serve car wash, building a retail or office development, used car lot, etc. Parking includes 25,000 sf concrete parking. The property is also for lease for $3,000 monthly with a two year minimum lease.
32,000 sf Retail investment property. Located at Lynnhaven Mall -the largest super regional mall in Virginia. Credit Tenant. Developer ready to make a deal and move to the next project. Offering a 8.4% cap rate 2014 with a 9.4% cap rate for jan 1 2016.
Starbucks & Sleepy's is a realtively new construction center built in 2012 well located at the corner of Independence Boulevard and Haygood Road with combined traffic counts exceeding 88,000 VPD. The property is a 7,233 sq.ft. two tenant strip with a drive through for Starbucks and is an out-parcel to the 165,000 Haygood Shopping Center. Both Starbucks and Sleepy's both are on original 10 year NN leases with only roof and structure as the responsibility of the Landlord. Starbucks has a 5% rental increase in 2017 as well as in their renewal options and Sleepy's has 12.5% rent increases in its renewal options.
2,786 SF Retail Fast Food Building Built in 1982
This is a BUSINESS ONLY property with two years remaining on a five year lease. Five additional one year renewals are available. Purchase an existing restaurant and lounge just 1/2 block from the beautiful Virginia Beach boardwalk. Sale price includes 100K furniture and equipment + 20K for two year P & L. The ABC license is transferable to qualifying applicants.