141 Hillcrest Pky - Freestanding FOR SALE
Chesapeake, VA 23322 |
141 Hillcrest Pky
Chesapeake, VA 23322
HIGHLIGHTS
- 100% occupied, ±10,903 SF retail strip center anchored by Sherwin-Williams company | Investment grade
- New 10-year NNN corporately Sherwin-Williams lease commencing in July 2023 | 4,439 locations worldwide | Credit Baa2/BBB
- All leases NNN | 5 tenants with scheduled rent increases | 6.3 year weighted average lease term (WALT) remaining
- Multiple access including from signalized corner intersection | Chesapeake Expressway & Hillcrest Pkwy | 57,731 VPD combined
- Edinburgh East is part of a Planned Use Development with tenants such as Home Depot, Taco Bell, WaWa, Wendy’s and Zaxby’s
- Broker of Record: Brian Brockman (Bang Realty – VA, Inc) | VA License #0225245999
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Edinburgh East Retail Strip Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
10903
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
85
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0730000001790
