Investment Property On Market
For Sale Retail

5409 Indian River Road - Chick-Fil-A

5409 Indian River Road, Virginia Beach, VA 23464 United States
Investment Property On Market
For Sale Retail

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

LOCATION

RELATED PROPERTIES

Property Photo
On Market
For Sale ● Retail
916 S Military Highway

916 S Military Highway
Virginia Beach, VA 23464
United States

Sale Price: $1,985,000 USD

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS