1418 Cedar Rd | Chesapeake, VA 23322
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- LoopNet Team
1418 Cedar Rd
Chesapeake, VA 23322
Chesapeake, VA | $6.2M | NNN | Affluent Area · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NET LEASE WITH 12 YEAR TERM REMAINING - There are ±12 years remaining on this absolute net lease with eleven (5-year) options.
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MSA - Chesapeake is in the Virginia Beach-Norfolk-Newport News, VA-NC MSA w ±1.8M residents.
- SENIOR CITIZEN PRESENCE - Commonwealth Sr Living Manor at Cedar (90 units) is 1 block S and Eagle Point 55+ Community is across the street.
- AFFLUENT AREA W SOLID INCOMES - Neighborhoods w median HH incomes of $110K+ in a 1-mi radius, $93K+ in a 3-mi radius & $83K+ in a 5-mi radius.
- NEXT TO TIDEWATER COMMUNITY COLLEGE – College is 1 block N of the subject and its parking garage is behind Walgreens w 1,224 student parking spaces.
- STRATEGIC DRUGSTORE LOCATION - On the opposite corner N of a Rite Aid drugstore, making this a strategic location for Walgreens & Rite Aid.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,764 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.96 AC
Zoning
B1: NIEGHB - Store Building
Parking
41 Spaces (0 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0460000000222 | Improvements Assessment | $5,105,610 |
| Land Assessment | $2,317,800 | Total Assessment | $7,423,410 |
PROPERTY TAXES
Parcel Number
0460000000222
Land Assessment
$2,317,800
Improvements Assessment
$5,105,610
Total Assessment
$7,423,410
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