1418 Cedar Rd - Drug Store FOR SALE
Chesapeake, VA 23322 |
1418 Cedar Rd
Chesapeake, VA 23322
HIGHLIGHTS
- ABSOLUTE NET LEASE WITH 12 YEAR TERM REMAINING - There are ±12 years remaining on this absolute net lease with eleven (5-year) options.
- AFFLUENT AREA W SOLID INCOMES - Neighborhoods w median HH incomes of $110K+ in a 1-mi radius, $93K+ in a 3-mi radius & $83K+ in a 5-mi radius.
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MSA - Chesapeake is in the Virginia Beach-Norfolk-Newport News, VA-NC MSA w ±1.8M residents.
- NEXT TO TIDEWATER COMMUNITY COLLEGE – College is 1 block N of the subject and its parking garage is behind Walgreens w 1,224 student parking spaces.
- SENIOR CITIZEN PRESENCE - Commonwealth Sr Living Manor at Cedar (90 units) is 1 block S and Eagle Point 55+ Community is across the street.
- STRATEGIC DRUGSTORE LOCATION - On the opposite corner N of a Rite Aid drugstore, making this a strategic location for Walgreens & Rite Aid.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chesapeake, VA | $6.2M | NNN | Affluent Area
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
13764
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0460000000222
