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Key Money Lease Opportunity – Fully Equipped 1036 Volvo Pky 20,583 SF 67% Leased Retail Building Chesapeake, VA 23320 $175,000 ($8.50/SF)
INVESTMENT HIGHLIGHTS
- Fully operational kitchen with existing infrastructure
- Lease Term: Assumption of existing lease
- Surrounded by national and local tenants in a busy commercial hub
EXECUTIVE SUMMARY
Key Money Lease Opportunity – Fully Equipped Restaurant Space
Excellent opportunity to assume a fully built-out restaurant space in a high-visibility shopping center along Volvo Parkway. Located in a busy shopping center with strong co-tenancy, this space comes with a full kitchen, fixtures, and equipment. making this an ideal solution for an operator looking to save on build-out costs and get up and running quickly.
Highlights:
- Fully operational kitchen with existing infrastructure
- Excellent retail visibility and signage opportunity
- Surrounded by national and local tenants in a busy commercial hub
- Ideal for restaurant or food service operators
Lease Details:
- Lease Term: Assumption of existing lease
- Space size: 4,668 gross living area sqft | 5,537 total sqft
- Availability: Immediate
Don’t miss this chance to step into a ready-to-go restaurant space in one of Chesapeake’s most active retail corridors.
Excellent opportunity to assume a fully built-out restaurant space in a high-visibility shopping center along Volvo Parkway. Located in a busy shopping center with strong co-tenancy, this space comes with a full kitchen, fixtures, and equipment. making this an ideal solution for an operator looking to save on build-out costs and get up and running quickly.
Highlights:
- Fully operational kitchen with existing infrastructure
- Excellent retail visibility and signage opportunity
- Surrounded by national and local tenants in a busy commercial hub
- Ideal for restaurant or food service operators
Lease Details:
- Lease Term: Assumption of existing lease
- Space size: 4,668 gross living area sqft | 5,537 total sqft
- Availability: Immediate
Don’t miss this chance to step into a ready-to-go restaurant space in one of Chesapeake’s most active retail corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,583 SF
Building Class
B
Year Built
1995
Price
$175,000
Price Per SF
$8.50
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
4.51 AC
Zoning
PUD - Planned urban district.
Parking
222 Spaces (10.79 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0280000001010 | Improvements Assessment | $7,156,900 |
| Land Assessment | $1,946,600 | Total Assessment | $9,103,500 |
PROPERTY TAXES
Parcel Number
0280000001010
Land Assessment
$1,946,600
Improvements Assessment
$7,156,900
Total Assessment
$9,103,500
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Key Money Lease Opportunity – Fully Equipped | 1036 Volvo Pky
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