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Take 5 Oil Change 1217 Cedar Rd 1,830 SF Retail Building Chesapeake, VA 23322 $2,521,739 ($1,378.00/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Driven Brands
- Strong Traffic Counts
- Strong Industry Growth
- Affluent Demographics
- Outparcel to a Food Lion
- Growing Vehicle Base & Longer Ownership
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1217 Cedar Road, Chesapeake, VA 23322.? The site consists of roughly 1,830 rentable square feet of building space on an estimated 0.81-acre parcel of land.? 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 $145,000 and has scheduled increases of 1.50% Annually.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,830 SF
Building Class
B
Year Built
2026
Price
$2,521,739
Price Per SF
$1,378.00
Cap Rate
5.75%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.81 AC
Zoning
B2
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0460000001420 | Improvements Assessment | $628,800 |
| Land Assessment | $609,700 | Total Assessment | $1,238,500 |
Property Taxes
Parcel Number
0460000001420
Land Assessment
$609,700
Improvements Assessment
$628,800
Total Assessment
$1,238,500
Contacts
-
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Will Byrne -
Glen Kunofsky -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1217 Cedar Rd
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