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Bojangles' 7519 Tidewater Dr 3,524 SF Retail Building Norfolk, VA 23505 $3,816,931 CAD ($1,083.12 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute Net Ground Lease
- Great visibility from Tidewater Drive | 30,000 VPD
- Located inside of dense retail corridor | 3.1M SF within a 2-mile radius
- Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres
- Outparcel to | Southern Shopping Center | 219,926 SF of prime retail space
- Attractive population density within a 5-mile radius | 228,030 residents
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Bojangles Ground Lease Norfolk, VA. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,524 SF
Building Class
C
Year Built
2008
Price
$3,816,931 CAD
Price Per SF
$1,083.12 CAD
Cap Rate
7%
NOI
$267,165 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
25 Spaces (7.09 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07363905 | Improvements Assessment | $8,669,879 CAD |
| Land Assessment | $23,043,842 CAD | Total Assessment | $31,713,722 CAD |
Property Taxes
Parcel Number
07363905
Land Assessment
$23,043,842 CAD
Improvements Assessment
$8,669,879 CAD
Total Assessment
$31,713,722 CAD
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Bojangles' | 7519 Tidewater Dr
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