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Panera Bread 7727 Tidewater Dr

3,500 SF Retail Building Norfolk, VA 23505 $4,725,921 CAD ($1,350 CAD/SF) 5% Cap Rate

Retail Space Virginia Norfolk 7727 Tidewater Dr, Norfolk, VA 23505

Investment Highlights

  • Brand new 15-year term
  • Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres
  • Great visibility from Tidewater Drive | 30,000 VPD
  • Corporate Lease | Panera, LLC | 2,173+ locations nationwide
  • Investment Grade Credit | Baa/BBB+
  • Outparcel to Southern Shopping Center | 219,926 SF of prime retail space

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Panera Bread in 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
Fast Food
Building Size
3,500 SF
Year Built
2024
Price
$4,725,921 CAD
Price Per SF
$1,350 CAD
Cap Rate
5%
NOI
$236,296 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.89 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
40 Spaces (11.43 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Panera Bread
  • Accommodation and Food Services
  • 3,500 SF
  • -
  • Net
  • Sep 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Panera Bread Accommodation and Food Services 3,500 SF - Net Sep 2039

Links

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Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

America's Best Wings
Rent-A-Center
Fuddruckers
Ruby Tuesday
Applebee's
Planet Fitness
Dollar Bank
Navy Federal Credit Union
Food Lion
Cook Out
(704) 379-1985

Contacts

  • Listing ID: 34414847

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 7727 Tidewater Dr, Norfolk, VA 23505

The Retail Property at 7727 Tidewater Dr, Norfolk, VA 23505 is currently available for sale. Contact Berkeley Capital Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Panera Bread | 7727 Tidewater Dr
(704) 379-1985 x

Panera Bread | 7727 Tidewater Dr

1/2

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

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