img
img
img
img
img
img

Wayne’s Home (Adjacent to Kohl’s, Walmart and Sam’s Club)

Download OM

INVESTMENT OFFERING

SAB Capital is pleased to present Wayne’s Home in Chesapeake, VA.​ This is an absolute triple net (NNN) lease property with zero landlord responsibilities.​ The property sits in a densely populated area with over 200,000 residents in 5 miles, and provides a hedge against inflation with 3% annual rent escalations.​

  • ​Wayne’s Home in Chesapeake, VA | Second-Most Populous City in Virginia
  • ​Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
  • ​Attractive 3% Annual Increases | Strong Hedge Against Inflation
  • ​Strong Market Demographics | 5-Mile Population: 206,000+ (5.5% Increase Since 2010) | 1-Mile AHI: $83,000+ Annually
  • ​Below Market Rent | Subject is Paying Just Over $7 Per Square Foot
  • ​Visibility From Interstate 65 | 105,000+ Vehicles Per Day (VPD)
  • ​Located Adjacent to a Kohl’s and a Walmart Supercenter | Major Foot Traffic Generators
  • ​Extremely Dense Trade Area | Over 3.2M Square Feet of Existing Retail Space Within 1 Mile
  • ​Less Than 1/4 Mile From Two Large Apartment Complexes | The Morgan (281 Units) & The Cedars at Greenbrier (272 Units)
  • ​National Retailers Nearby the Subject | Wendy’s, Applebee’s, Chick-Fil-A, Dunkin’, Chipotle, Dollar Tree, Sam’s Club, TGI Friday’s and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Wayne's Home $2,550,000 % Closed

JOIN OUR MAILING LIST

JOIN OUR MAILING LIST

Subscribe