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 |