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217 Carmichael Way
Chesapeake, VA 23322
Panera · Retail Property For Sale
Investment Highlights
- Desirable lease term | New 15-year term
- Corporate lease | Panera, LLC | 2,200 locations
- Located off Chesapeake Expressway | 39,000 VPD
- Absolute net lease | Zero landlord responsibilities
- Drive-thru included | Enhances convenience and sales volume
- Explosive population growth within 1-mile | 191.06% from 2010-2025
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Panera Bread in Chesapeake, VA. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Retail
Building Size
2,980 SF
Building Class
C
Year Built/Renovated
2009/2025
Price
$4,931,720 CAD
Price Per SF
$1,654.94 CAD
Cap Rate
5.25%
NOI
$258,887 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.30 AC
Zoning
Commercial
Parking
38 Spaces (12.75 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0730000001773 | Improvements Assessment | $927,069 CAD |
| Land Assessment | $914,562 CAD | Total Assessment | $1,841,631 CAD |
Property Taxes
Parcel Number
0730000001773
Land Assessment
$914,562 CAD
Improvements Assessment
$927,069 CAD
Total Assessment
$1,841,631 CAD
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