5509 Richmond Road
Williamsburg, VA
Price:
$2991000
Cap Rate:
5.25%
NOI:
$156,999
Building Size:
Approx. 7000 Sq. Ft.
Lot Size:
Approx. 1.83 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2006
Investment Overview
- 7,000+/- SF Building on 1.83+/- Acre Site
- 20-Yr Absolute, NNN Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along Richmond Road / US Highway 60 (21,161 VPD)
- Adjacent to Williamsburg Premium Outlets (456,657 SF)
- 5 Miles N of William & Mary College (8,258 Students)
- Area Attractions: Historic Jamestowne |Governor’s Palace | Bassett Hall
- Tourism: Virginia generated $2.2 billion in visitors spending FY 2014
- 1-Mile Radius: Population growth 12.8% l 3-Mile Average HH Income: $77,989
- Virginia Beach – Norfolk – Newport News (MSA) | Population: 1,700,000