716 Woodlake Dr - Freestanding FOR SALE


Chesapeake, VA 23320- Indian River
$1,130,072 USD
757-287-1490
716 Woodlake Dr, Chesapeake, VA for Sale
$1,130,072 USD
Freestanding - FOR SALE
1/3
null | 6.95% Cap Rate

716 Woodlake Dr
Chesapeake, VA 23320
Indian River


HIGHLIGHTS

  • Prime visibility off main road.
  • Located at signalized corner next to Wawa.
  • Easy interstate access.
  • Core trade area (Chesapeake Conference Ctr, hotels, car dealerships, shopping centers).
  • Large parking area.
  • Investment grade credit tenant (S&P: A-).

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Enterprise Truck Rental property located at 716 Woodlake Drive in Chesapeake, VA. The tenant recently exercised its third renewal option showing a strong commitment to this location. The property sits at a signalized corner, adjacent to Wawa, in the city’s core retail, hospitality and business district. Enterprise Truck Rental is a subsidiary of Enterprise Mobility (formerly Enterprise Holdings) which has an investment grade credit rating (S&P: A-). There are approximately four years left on the initial lease term with three, 5-year options. There are 10% rent increases in each option period

FOR SALE DETAILS

PRICE

$1,130,072 USD

PRICE/SF

$999 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enterprise Truck Rental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

CROSS STREETS

Greenbrier Pky

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

PUD

APN/PARCEL ID

0280000000080

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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