212-372-0751
1401 Greenbrier Pkwy, Chesapeake, VA for Sale
Retail - FOR SALE
1/22
null | Request Cap Rate

1401 Greenbrier Pkwy
Chesapeake, VA 23320


HIGHLIGHTS

  • Steady Cash Flow Asset $7.5MM of gross income and an NOI of $3.4MM
  • Value Add Components: Restaurant Pad Opportunity, NOI Growth Potential, Additional Developable Pads
  • Located in the Main Commercial Hub
  • Healthy In-Line Sales of $447 PSF
  • Services the world’s largest naval station, Naval Station Norfolk, with over 82,000 active duty military on base as well as over 29,000 civilians
  • Dine In Movie Theater Provides unique entertainment component to draw additional traffic to the Property.

OVERVIEW

AUCTION SITE: https://rimarketplace.com/auction/2339/reo-value-add-retail-greenbrier-mall-virginia-beach-norfolk-msa-?utm_source=costar Newmark has been exclusively retained to market to qualified investors the opportunity to acquire Greenbrier Mall (the “Property” or “Mall”), a dominant super-regional mall located in Chesapeake, VA. The Mall consists of approximately 900,206 square feet (562,209 SF owned) of gross leasable area in the Virginia Beach-Chesapeake-Norfolk MSA of Eastern Virginia. The Mall is anchored by Dillard’s (160,000 SF, Unowned), JCPenney (105,260 SF) and Macy’s (140,772 SF), which are complemented by a line-up of strong national retailers highlighted by American Eagle, Bath & Body Works/White Barn, Foot Locker, H&M, Miniso, and Victoria’s Secret. The Property is strategically located at the intersection of Hampton Roads Beltway / I-64 (150,000 VPD) and Greenbrier Parkway (75,000 VPD) and is surrounded by several name brand national retailers, such as Barnes and Noble, Best Buy, Dick’s Sporting Goods, Target, T.J.Maxx, Walmart, and several hotels. The presence of these retailers and hotels helps drive additional foot traffic to the area. This offering represents a unique opportunity to acquire a stabilized and well-performing asset with numerous avenues of value enhancement. Lamar P. Fisher Fisher Auction Company Inc. License: 2907003627 Co:2908000783 https://rimarketplace.com/auction/2339/reo-value-add-retail-greenbrier-mall-virginia-beach-norfolk-msa-?utm_source=costar

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenbrier Mall

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

2697

LAND DETAILS

LAND ACRES

55.41 AC

LAND SF

2,413,660 SF

ZONING

PUD: PLANN

APN/PARCEL ID

0280000000066,0280000000067,0280000001450

ASK ABOUT THIS PROPERTY

Thomas DobrowskiNewmarkMore Info
212-372-0751

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Thomas DobrowskiNewmarkMore Info
212-372-0751

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