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The subject property is a 2,656 +/- sf freestanding NNN Jiffy Lube located in Newport News, VA. The tenant, Lucor, Inc., is one of the largest Jiffy Lube franchisees in the country with over 175 locations throughout 7 states. The subject property has been a Jiffy Lube since 1998 and the tenant just recently exercised its 2nd five year option which expires in 2019. The Lease contains two (2) more five (5) year options to extend with 12.5% increases in each option. Jiffy Lube International, with more than 2,000 franchised service centers in North America, serve approximately 22 million customers per day.
3,200 SF Retail Auto Repair Building Built in 1950, also for lease at $2,300.00 per month.
Abbitt Management is pleased to offer this well-occupied shopping center on 9.41 acres. Conveniently located near I-64 and PHF Airport in the Denbigh area of Newport News, features include: " Anchor tenant (78,000 sf) " Newly paved 100+ space parking lot " Healthy NOI " C1 zoning " High visibility via signage opportunities on Warwick Blvd.
Single Tenant Absolute NNN Investment Long Term Lease with 12+ Years Remaining 10% Rental Increase in 2020 and at Options Corporate Guaranty
CORNER OF BUSY JEFFERSON AVE., DELI AND C-STORE. BEST LOCATION. OWNER WANTS TO RETIRE. 2560 SQ OF VERY CLEAN STORE WITH GOOD CLIENTS. COULD PUCHASE BUSINESS ONLY AT $200,000 PLUS INVENTORIES OR JUST BUY BLDG WITH BUSINESS.
This newly renovated restaurant is in an excellent location and has built in clientele. Restaurant is a local favorite and has been recently decorated and refurnished. A MUST SEE TO BELIEVE! Due to the excellent location of this restaurant, there are additional "PARKING FEES" for customers (not for the business owner) that will convey with the sale of this business. These fees will be paid to the business owner and this can easily pay for the rent of the building. Incredible business opportunity! Call listing broker for more information about the property and possible financial opportunities. This is BUSINESS ONLY. Land and building not available for purchase.
This convenience store is located in a well known shopping center on Warwick Blvd in Newport News! Convenient store has a full and operational kitchen inside. Low Rent! Must see to believe! Call Listing Broker for more information!
2,775 SF Retail Convenience Store Building Built in 1970. 7-11 relocated across the street. Available July 2015.
Fully equipped 75 seat restaurant, plenty of parking.
SALE PRICE: $365,000; PREMISES: 5,400 SF 5,400 SF end cap in regional shopping center, pay rent on 4,400 SF. 1,000 SF private room fully conditioned space (rent free) " Currently on 10th year of lease with 2 (5) year options. Current triple net inclusive monthly rent $9,300. " All new furniture, light fixtures, mostly new bar equipment, new kitchen equipment, but all equipment is under quarterly maintenance and fully operational. Upgrades to audio/video system, all new T.V.' s. Fully operational small stage, with lights and full sound system to accommodate small bands/karaoke. " Bar- rectangular bar, double sided beautiful mahogany back bar, stainless steel counter top, 24 Viper draft beer handles, remote walk in beer cooler with Micromatic beer system. All stainless steel cabinets and shelving, professionally set up for high volume bar sales. " Dinning rooms- 1 private dinning room for banquets and special events as well as used for overflow on daily basis. 3 other dinning rooms, allows to close an area during slow times and manage better.