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1225 Cedar Rd 4,400 SF 100% Leased Retail Building Chesapeake, VA 23322 $3,445,920 ($783.16/SF) 5% Cap Rate
Executive Summary
• ±4,786 SF single tenant building located in the heart of Great Bridge/Cedar Road corridor in Chesapeake!
• Excellent visibility; over 32K VPD on Cedar Road!
• Easy accessibility via the new Veterans Memorial Bridge, which connects to I-64, I-464, and the Chesapeake Expressway with Monument Signage
• Less than 1 mile from Publix (0.7 miles), Tidewater Community College Campus & Chesapeake Municipal Center on Albemarle Road.
• High residential growth projections, high household income & median home values, high daytime population
• Excellent visibility; over 32K VPD on Cedar Road!
• Easy accessibility via the new Veterans Memorial Bridge, which connects to I-64, I-464, and the Chesapeake Expressway with Monument Signage
• Less than 1 mile from Publix (0.7 miles), Tidewater Community College Campus & Chesapeake Municipal Center on Albemarle Road.
• High residential growth projections, high household income & median home values, high daytime population
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,400 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$3,445,920
Price Per SF
$783.16
Cap Rate
5%
NOI
$172,296
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
Zoning
B2 - Business
Parking
70 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0460000001430 | Improvements Assessment | $1,167,700 |
| Land Assessment | $659,200 | Total Assessment | $1,826,900 |
Property Taxes
Parcel Number
0460000001430
Land Assessment
$659,200
Improvements Assessment
$1,167,700
Total Assessment
$1,826,900
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1225 Cedar Rd
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