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Panera Bread 217 Carmichael Way 2,980 SF Retail Building Chesapeake, VA 23322 $4,952,724 CAD ($1,661.99 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Desirable lease term | New 15-year term
- Drive-thru included | Enhances convenience and sales volume
- Large parcel | 1.30 acres
- Corporate lease | Panera, LLC | 2,200 locations
- Located off Chesapeake Expressway | 39,000 VPD | Strategically located as an outparcel to Target
- Explosive population growth within 1-mile | 191.06% from 2010-2025
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are please to present for sale Panera Bread in Chesapeake, VA. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,980 SF
Building Class
C
Year Built/Renovated
2009/2025
Price
$4,952,724 CAD
Price Per SF
$1,661.99 CAD
Cap Rate
5.25%
NOI
$259,990 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.30 AC
Parking
38 Spaces (12.75 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0730000001773 | Improvements Assessment | $941,512 CAD |
| Land Assessment | $928,809 CAD | Total Assessment | $1,870,321 CAD |
PROPERTY TAXES
Parcel Number
0730000001773
Land Assessment
$928,809 CAD
Improvements Assessment
$941,512 CAD
Total Assessment
$1,870,321 CAD
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Panera Bread | 217 Carmichael Way
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