1217 Cedar Rd - Bank FOR SALE


Chesapeake, VA 23322- Great Bridge
$2,521,739 USD
203-253-9455
1217 Cedar Rd, Chesapeake, VA for Sale
$2,521,739 USD
Bank - FOR SALE
1/3
null | 5.75% Cap Rate

1217 Cedar Rd
Chesapeake, VA 23322
Great Bridge


HIGHLIGHTS

  • Excellent Corporate Guarantee from Driven Brands
  • Affluent Demographics
  • Strong Traffic Counts
  • Outparcel to a Food Lion
  • Strong Industry Growth
  • Growing Vehicle Base & Longer Ownership

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1217 Cedar Road, Chesapeake, VA 23322.? The site consists of roughly 1,830 rentable square feet of building space on an estimated 0.81-acre parcel of land.? Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow.? The annual rent will be $145,000 and has scheduled increases of 1.50% Annually.?

FOR SALE DETAILS

PRICE

$2,521,739 USD

PRICE/SF

$816 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B2

APN/PARCEL ID

0460000001420

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.