Investment Property
On Market
5409 Indian River Road - Chick-Fil-A
5409 Indian River Road, Virginia Beach, VA 23464 United States
Building Size
4,817 SF
Lot Size
1.39 Acres
Building Size
4,817 SF
Lot Size
1.39 Acres
OVERVIEW
Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 5409 Indian River Road (the “Property”), a 1998-built Chick-fil-A in the third (3rd) renewal option period with four (4) remaining five (5) year option terms remaining with 10% rent increases in each option term. The property is located near the intersection of Indian River Road and Kempsville Road directly across from Kemps River Crossing shopping center offering vehicle traffic counts of more than 66,000 vehicles per day. The combination of purchasing a Chick-fil-A ground lease below replacement cost with below market rents, zero landlord obligations, rental increases and desirable location make this an ideal NNN leased investment opportunity.
Details
- Building Size:
- 4,817 SF
- Sale Price:
- $2,400,000 USD
- Lot Size:
- 1.39 Acres