Property Details

Chick-fil-A

Virginia Beach, VA
Property ID: 11775

Financial Summary

Asking Price $2,912,499
Cap Rate 4.00%
Net Operating Income (NOI) $116,500
Lease Type Ground Lease, NNN
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Jonathan W. Hipp
President & CEO
703.787.4725
Natalia Nunno
Associate Director
703.787.4715

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Highlights

  • Ideally located in Prime Retail corridor next to Walmart, Pembroke Mall, and Virginia Beach Town Center
  • Highly desirable net lease investment tenant
  • Attractive 10% rental escalations every 5 years
  • Newly constructed in 2017 with drive-thru
  • Located in the most populous city in Virginia

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

4752 Virginia Beach Blvd
Virginia Beach, VA

Leigh ClineChick-fil-A