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7629 Chesapeake Blvd

14,480 SF 100% Leased Retail Building Norfolk, VA 23513 $1,443,200 CAD ($99.67 CAD/SF) 7.24% Cap Rate

Retail Space Virginia Norfolk 7629 Chesapeake Blvd, Norfolk, VA 23513

INVESTMENT HIGHLIGHTS

  • New 5-year three-month, modified net Lease with established retailer
  • The building features a showroom, offices, and high ceiling warehouse areas, 2 dock-high overhead doors, 20 parking spaces, fenced rear yard area.
  • Recently re-modeled with interior and exterior paint, floor coverings, new kitchen, updated lighting, mechanical, new parking lot, etc.
  • Free-standing pylon sign

EXECUTIVE SUMMARY

Former NORVA Barber Supply property located just off Little Creek Road on Chesapeake Blvd. at the corner of Chesapeake Blvd. and Avenue J across the street from Wawa’s Convenience Store.

ATTACHMENTS

Sales package 7629 Chesapeake Blvd Norfolk

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
14,480 SF
Building Class
C
Year Built
1973
Price
$1,443,200 CAD
Price Per SF
$99.67 CAD
Cap Rate
7.24%
NOI
$104,486 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.50
Lot Size
0.67 AC
Zoning
C-N - Neighborhood Commercial
Parking
20 Spaces (1.38 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Fenced Lot
  • Storage Space
1 of 1

NEARBY MAJOR RETAILERS

Bank of America
Woodforestnational Bank
America's Best Wings
Rent-A-Center
Fuddruckers
Ruby Tuesday
Applebee's
Planet Fitness
Dollar Bank
Navy Federal Credit Union

PROPERTY TAXES

Parcel Number 06634400 Improvements Assessment $609,156 CAD
Land Assessment $295,855 CAD Total Assessment $905,011 CAD

PROPERTY TAXES

Parcel Number
06634400
Land Assessment
$295,855 CAD
Improvements Assessment
$609,156 CAD
Total Assessment
$905,011 CAD
(757) 497-4446 x24

CONTACT

  • Listing ID: 22914185

  • Date on Market: 2021-05-04

  • Last Updated:

  • Address: 7629 Chesapeake Blvd, Norfolk, VA 23513

The Colonial Heights Retail Property at 7629 Chesapeake Blvd, Norfolk, VA 23513 is currently available. Contact Sam Segar & Associates, Inc. for more information.

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7629 Chesapeake Blvd
(757) 497-4446 x 24

7629 Chesapeake Blvd

Bryan Gilpin

(757) 497-4446

x24

(757) 497-4446 x24

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