3480 S Military Hwy - Auto Repair FOR SALE
Chesapeake, VA 23323 |
$2,480,000 USD
844-585-7682
3480 S Military Hwy
Chesapeake, VA 23323
HIGHLIGHTS
- Brand New Construction Single-Tenant Strickland Brothers 10-Minute Oil Change: Corporate guaranteed lease
- Excellent Grocery Anchored Location: Shadow anchored by Food Lion (Top 2% in the chain, Placer.ai)
- Strong Economic Area: Chesapeake is home to more than 249,000 residents, 51 international companies, and 20% of the region’s largest employers
- High-Growth Demographics: 106% population growth within 1 mile from 2010 to 2020
- Chesapeake became the second-largest city in Virginia in 2020, and it continues to be one of the fastest-growing cities in the region
- Chesapeake is included in the Virginia Beach–Norfolk–Newport News, VA-NC MSA: 1.7 million population
FOR SALE DETAILS
PRICE
$2,480,000 USD
PRICE/SF
$1,481 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Strickland Brothers | Chesapeake, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
2.48 AC
LAND SF
107,904 SF
ZONING
B2
APN/PARCEL ID
0252011000134
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844-585-7682
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844-585-7682
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