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Kroger Shadow Retail Strip Center 1744 Sentinel Dr N

7,440 SF 100% Leased Retail Building Chesapeake, VA 23320 $3,634,315 ($488/SF) 6.85% Cap Rate

Mixed Use Properties Virginia Chesapeake 1744 Sentinel Dr N, Chesapeake, VA 23320

Investment Highlights

  • Kroger Shadow Retail Strip Center.
  • Upside in rent rollover. 7.14% Cap Rate in 2025.
  • Easy access of I-64.
  • 100% leased.
  • E-Commerce Resistant Tenant Mix.

Executive Summary

This fully leased, 3-tenant strip center contains approximately 7,440 SF on 1.47 AC and sits at the entry way to a 254,000 SF retail power center anchored by Kroger Marketplace, Dick's House of Sport, Five Below, HomeGoods and other national retailers. The property shares access with a freestanding Starbucks and a Valvoline Instant Oil Change.
Access is directly off the I-64 North Battlefield Boulevard exit (37,000 VPD) with strong visibility from the feeder roads that lead into and out of Greenbrier Square Shopping Center.

Attachments

1744 Sentinel Drive OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,440 SF
Building Class
B
Year Built
2019
Price
$3,634,315
Price Per SF
$488
Cap Rate
6.85%
NOI
$248,951
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Land Acres
1.47 AC
Zoning
B3
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Nearby Major Retailers

Dollar Bank
Starbucks
Kroger Maketplace
Planet Fitness
Bubba's 33
Rent-A-Center
Applebee's
Woodforest National Bank
Texas Roadhouse
Waffle House

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0270000001541
  • 0270000001540
 Improvements Assessment $1,874,100
Land Assessment $2,005,300 Total Assessment $3,879,400

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0270000001541
  • 0270000001540
Land Assessment
$2,005,300
Improvements Assessment
$1,874,100
Total Assessment
$3,879,400
(757) 282-6510

  • Listing ID: 32824278

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 1744 Sentinel Dr N, Chesapeake, VA 23320

More public record information on 1744 Sentinel Dr N, Chesapeake, VA 23320

The Retail Property at 1744 Sentinel Dr N, Chesapeake, VA 23320 is currently available For Sale. Contact S.L. Nusbaum Realty Co. for more information.

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Kroger Shadow Retail Strip Center | 1744 Sentinel Dr N
(757) 282-6510 x

Kroger Shadow Retail Strip Center | 1744 Sentinel Dr N

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Doug Aronson

(757) 282-6510

(757) 282-6510

Carter Wells

(804) 320-7600

(804) 320-7600

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