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Rally's
5105 George Washington Highway, Portsmouth, VA 23702
Last Verified 2/3/2012
Listing ID 15161413
Highlights
The subject property is a Rally's fast food restaurant located at 5105 George Washington Highway in Portsmouth, VA. The building is approximately 828
Description
The subject property is a Rally's fast food restaurant located at 5105 George Washington Highway in Portsmouth, VA. The building is approximately 828 square feet with a land area of .21 acres. The purchase price is $700,000. with an annual rent of $77,055. The subject property benefits from excellent traffic counts of over 58,000 vehicles per day. Businesses in close proximity to the property include: Days Inn, KFC, Arby's, McDonalds, 7-11 and Wendy's.
The subject property is a Rally's fast food restaurant located at 5105 George Washington Highway in Portsmouth, VA.Term begins 1-01-10.Tenant pays all taxes,insurance,all maintainance.Two 5 Year option 10% increases at the beginning of each option period.Landlord will also collect 2.5% of sales in excess of $600,000.Rent is $6,421.00 per month.
This is an absolute NNN Lease
Actual
$77,370
$77,370
| Tenant | SF Occupied | Lease Expired | |
|---|
| The subject property is a Rally's | 828 | 6/1/2011 | |
Map of 5105 George Washington Highway, Portsmouth, VA 23702 (Portsmouth City County)
Created 5/31/2007
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Additional Information for 5105 George Washington Highway, Portsmouth, VA 23702
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Portsmouth, VA Retail For Sale
| |
Jan 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $136 | -0.1% | -6.8% |
- Metro | $136 | +1.4% | -4.4% |
View Portsmouth Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P