Bojangles Ground Lease | 7519 Tidewater Dr
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Bojangles Ground Lease 7519 Tidewater Dr
3,524 SF Retail Building Norfolk, VA 23505 $3,963,246 CAD ($1,125 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute Net Ground Lease
- Great visibility from Tidewater Drive | 30,000 VPD
- Located inside of dense retail corridor | 3.1M SF within a 2-mile radius
- Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres
- Outparcel to | Southern Shopping Center | 219,926 SF of prime retail space
- Long operating history | Leased since 2009
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Bojangles Ground Lease Norfolk, VA. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,524 SF
Building Class
C
Year Built
2008
Price
$3,963,246 CAD
Price Per SF
$1,125 CAD
Cap Rate
7%
NOI
$277,406 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
25 Spaces (7.09 Spaces per 1,000 SF Leased)
Frontage
195 ft on Tidewater Dr
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 07363905 | Improvements Assessment | $8,934,307 CAD |
Land Assessment | $23,746,669 CAD | Total Assessment | $32,680,975 CAD |
PROPERTY TAXES
Parcel Number
07363905
Land Assessment
$23,746,669 CAD
Improvements Assessment
$8,934,307 CAD
Total Assessment
$32,680,975 CAD
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Bojangles Ground Lease | 7519 Tidewater Dr
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