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Bojangles Ground Lease 7519 Tidewater Dr

3,524 SF Retail Building Norfolk, VA 23505 $2,796,000 ($793/SF) 7% Cap Rate

Retail Space Virginia Norfolk 7519 Tidewater Dr, Norfolk, VA 23505

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
  • Long operating history | Leased since 2009

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.

Attachments

Bojangles Ground Lease OM - Norfolk, VA

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
$2,796,000
Price Per SF
$793
Cap Rate
7%
NOI
$195,705
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
25 Spaces (7.09 Spaces per 1,000 SF Leased)
Frontage
195 FT on Tidewater Dr

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Links

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Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores

Nearby Major Retailers

Rent-A-Center
America's Best Wings
Fuddruckers
Ruby Tuesday
Applebee's
Planet Fitness
Dollar Bank
Navy Federal Credit Union
Food Lion
Cook Out

PROPERTY TAXES

Parcel Number 07363905 Improvements Assessment $6,341,200
Land Assessment $16,854,400 Total Assessment $23,195,600

PROPERTY TAXES

Parcel Number
07363905
Land Assessment
$16,854,400
Improvements Assessment
$6,341,200
Total Assessment
$23,195,600
(704) 379-1985

Contacts

  • Listing ID: 32743898

  • Date on Market: 8/9/2024

  • Last Updated:

  • Address: 7519 Tidewater Dr, Norfolk, VA 23505

More public record information on 7519 Tidewater Dr, Norfolk, VA 23505

The Retail Property at 7519 Tidewater Dr, Norfolk, VA 23505 is currently available for sale. Contact Berkeley Capital Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Bojangles Ground Lease | 7519 Tidewater Dr
(704) 379-1985 x

Bojangles Ground Lease | 7519 Tidewater Dr

1/3

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

Jake Zapata

(210) 587-5388

(210) 587-5388

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