Retail Space /VA /Chesapeake County /Chesapeake /638 Grassfield Pky
Retail Space /VA /Chesapeake County /Chesapeake /638 Grassfield Pky

638 Grassfield Pky - Fast Food FOR SALE


Chesapeake, VA 23322 | 
$1,225,000 USD
202-286-1542
638 Grassfield Pky, Chesapeake, VA for Sale
$1,225,000 USD
Fast Food - FOR SALE
1/9
null | 5.65% Cap Rate
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638 Grassfield Pky
Chesapeake, VA 23322

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HIGHLIGHTS

  • Tenant has 4 years remaining on its lease with 4 options to extend.
  • 10% rental increases every 5 years throughout the initial term and at the beginning of each option period.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Dominion Blvd

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B2

APN/PARCEL ID

0460000001660

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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