1557 General Booth Blvd - Auto Repair FOR SALE


Virginia Beach, VA 23454
$1,217,391 USD
332-345-4222
1557 General Booth Blvd, Virginia Beach, VA for Sale
$1,217,391 USD
Auto Repair - FOR SALE
1/2
null | 5.75% Cap Rate

1557 General Booth Blvd
Virginia Beach, VA 23454


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee
  • Absolute Triple Net (NNN) Lease
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1557 General Booth Blvd, Virginia Beach, VA 23454. The site consists of roughly 1,418 rentable square feet of building space on an estimated 0.41-acre parcel of land. This Take 5 Oil Change will be subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $70,000 and have scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,217,391 USD

PRICE/SF

$859 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

CROSS STREETS

none

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B2

APN/PARCEL ID

2415-55-2820

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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