Asking Price S$4,453,000
Sq. Footage 4,996
NOI Net Operating Income S$178,100
Cap Rate 4.00%

Attributes

Year Built 2019
Lot Size 1.6 ACRES

Property Description

Newly constructed single-tenant Chick-Fil-A for sale in one of the primary Norfolk retail corridors just minutes from the Atlantic coastline. Norfolk is the second largest city in Virginia with a population of 1.6 million residents. This high-performing location is set between Norfolk Premium Outlets, Norfolk Academy, Lake Taylor High School and Virginia Wesleyan University.

Investment Highlights

  • Fee simple interest
  • Brand new 15-year absolute NNN ground lease
  • Zero landlord responsibilities, exceptional tenant strength
  • In-place rental increases of 10 % every five years
  • Desirable Mid-Atlantic location
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Nate Cleland
Sr Associate, Brokerage

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