1169 George Washington Hwy
Chesapeake, VA
Price:
$1875000
NOI:
$75,000
Building Size:
Approx. 3000 Sq. Ft.
Lot Size:
Approx. 1.22 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2015
Investment Overview
- New Constructions | 3,000+/- SF Building on 1.22+/- Acre Site
- 15-Yr Corp Ground Lease, w/ 39% Rent Bumps Year 4, 5% Year 11
- Located along George Washington Hwy (25,000 VPD), just N of S Military Hwy (30,000 VPD)
- Near Lowe’s, Dollar General, Mc Donald’s, Dunkin Donuts, CVS, Wells Fargo, & AutoZone
- Near Chesapeake Square (717,000+ SF) | Norfolk Naval Shipyard (7,500 Employees)
- 53 Companies from 17 different countries & 30 Corp. U.S. HQ companies call Chesapeake, VA home
- Chesapeake is ranked as “Top 100 Best Cities for Families in 2010” – Parenting Magazine
- Recognized as top 10 in labor productivity & Rated by the FBI as one of the five safest cities in the US
- 5-Mile Radius: 2015 Estimated Population: 175,902 l 5-Mile Average Household Income: $61,246
- Chesapeake is 25-Miles W of Virginia Beach (5.5 Million Visitors) | 2-Hours SE of Richmond, VA
- Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000