141 Hillcrest Pky | Chesapeake, VA 23322
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- LoopNet Team
141 Hillcrest Pky
Chesapeake, VA 23322
Edinburgh East Retail Strip Center · Retail Property For Sale
Investment Highlights
- 100% occupied, ±10,903 SF retail strip center anchored by Sherwin-Williams company | Investment grade
- All leases NNN | 5 tenants with scheduled rent increases | 6.3 year weighted average lease term (WALT) remaining
- Edinburgh East is part of a Planned Use Development with tenants such as Home Depot, Taco Bell, WaWa, Wendy’s and Zaxby’s
- New 10-year NNN corporately Sherwin-Williams lease commencing in July 2023 | 4,439 locations worldwide | Credit Baa2/BBB
- Multiple access including from signalized corner intersection | Chesapeake Expressway & Hillcrest Pkwy | 57,731 VPD combined
- Broker of Record: Brian Brockman (Bang Realty – VA, Inc) | VA License #0225245999
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,903 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.95 AC
Zoning
PUD - • PUD: Planned Unit Development
• RC: Regional Commercial
• B-2: Permitted City Use
Parking
85 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
447 FT on Hillcrest Pky
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 0730000001790 | Improvements Assessment | $1,615,100 |
| Land Assessment | $1,564,800 | Total Assessment | $3,179,900 |
PROPERTY TAXES
Parcel Number
0730000001790
Land Assessment
$1,564,800
Improvements Assessment
$1,615,100
Total Assessment
$3,179,900
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