About This Restaurant
Investment Highlights
Brand new 10-year lease Investment Grade Credit | Baa1/BBB+ Close proximity to I-664 | Main thoroughfare between Newport News and Chesapeake | 85,000 VPD Corporate Lease | Starbucks Corp. | 38,000+ locations across 86 countries Located on a signalized corner intersection with great visibility from Portsmouth Blvd Located inside of dense industrial corridor | 6.3M SF within a 2-mile radius
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Starbucks in Chesapeake, VA. We welcome your review of this attractive investment.
Property Details
- Sale Type Investment
- Sale Condition Build to Suit
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food Freestanding
- Building Size 2,500
- Year Built 2024
- Price 3,100,000
- Price Per SF 1,240
- Cap Rate 5.60
- NOI 173,650
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.04 AC
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 0150000001920 | Improvements Assessment | $414,000 |
| Land Assessment | $0 | Total Assessment | $414,000 |
| Date Created: | 2024-07-16 04:23:46 | Last Updated: | 2024-07-16 04:23:46 |
| Address: | 5000 Portsmouth Blvd , Chesapeake, Virginia, 23321 | ||