This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1620 Sentinel Dr
Chesapeake, VA 23320
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Guaranteed Lease - 15 Years of term
- Located in strong power center (Kroger, Dick’s)
- Largest Planet Fitness Operator
- Excellent visibility
- Proximity to Interstate I 64
- Top Performing Location
PROPERTY FACTS
ABOUT 1620 SENTINEL DR , CHESAPEAKE, VA 23320
Introducing PLANET FITNESS 1620 SENTINEL DR, CHESAPEAKE, VA 23320, a prime investment opportunity in the Chesapeake, VA MSA. This 120,102 SF property features a 24,700 SF structure built in 2017 as an outparcel to the Greenbrier Square Shopping Center. With prominent visibility from N. Battlefield Blvd and I-64 with traffic of 112,000 VPD, this location boasts a strong retail draw including Kroger Marketplace and other national brands. Offered at $7,000,000, the property is secured by a 15-year absolute net lease with Excel Fitness, the largest Planet Fitness operator with 140+ locations and over 1,000,000 members. The lease, guaranteed by Excel Fitness Holdings, includes two 5-year renewal options and offers a net operating income of $459,000 in 2024. Excel Fitness' strong presence and performance make this a top-notch investment with guaranteed returns in a high-traffic, high-visibility location. Don't miss this opportunity to own a piece of a thriving commercial center. Current Lease Term Expires on November 30, 2039 with two (2), Five (5) year options 2% Annual Bumps Excellent Visibility from Interstate 64
PROPERTY TAXES
| Parcel Number | 0270000001590 | Improvements Assessment | £3,045,903 |
| Land Assessment | £2,106,153 | Total Assessment | £5,152,057 |
PROPERTY TAXES
