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Take 5 Oil Change 1557 General Booth Blvd

1,418 SF Retail Building Virginia Beach, VA 23454 £915,145 (£645/SF) 6% Net Initial Yield

Investment Highlights

  • Long-Term 20-Year NNN Sale-Leaseback
  • Absolute Triple Net (NNN) Lease
  • Strong Corporate Guarantee
  • Attractive Annual Rental Increases

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1557 General Booth Boulevard, Virginia Beach, Virginia 23454. The site consists of roughly 1418 rentable square feet of building space on an estimated 0.41-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $70,000 and has scheduled increases of 1.50% Annually.

Attachments

Take 5 Oil Change, 1557 General Booth Blvd, Virginia Beach, VA

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,418 SF
Building Class
C
Year Built/Renovated
1994/2024
Price
£915,145
Price Per SF
£645
Net Initial Yield
6%
NOI
£54,909
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.41 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
B2
Parking
9 Spaces (6.35 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
1 of 1
Walk Score ®
Very Walkable (73)
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® measures bikeability of a location.
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®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Hooters
ALDI
Curves
Cook Out
Onelife Fitness
Food Lion
Starbucks
Sky Zone
Lidl
Fuddruckers

PROPERTY TAXES

Parcel Number 2415-55-2820 Improvements Assessment £152,411
Land Assessment £425,856 Total Assessment £578,267

PROPERTY TAXES

Parcel Number
2415-55-2820
Land Assessment
£425,856
Improvements Assessment
£152,411
Total Assessment
£578,267
(332) 345-4222

  • Listing ID: 34087183

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 1557 General Booth Blvd, Virginia Beach, VA 23454

The Retail Property at 1557 General Booth Blvd, Virginia Beach, VA 23454 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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1557 General Booth Blvd, Virginia Beach, VA for sale Building Photo- Image 1 of 4
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1557 General Booth Blvd, Virginia Beach, VA for sale Plat Map- Image 2 of 4
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Take 5 Oil Change, 1557 General Booth Blvd, Virginia Beach, VA

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© 2024 CoStar Group

Take 5 Oil Change | 1557 General Booth Blvd
(332) 345-4222 x

Take 5 Oil Change | 1557 General Booth Blvd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(332) 345-4217

(332) 345-4217

Amelia Haydock

(332) 345-2408

(332) 345-2408

Gordon Pollock

(332) 345-7294

(332) 345-7294

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