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13659 Warwick Blvd
Newport News, VA 23602
Absolute Net Lease Investment · Retail Property For Sale
Executive Summary
S.L. Nusbaum Realty Co. is pleased to present for sale 13659 Warwick Boulevard, a single-tenant, freestanding restaurant investment located along the Warwick Boulevard corridor in Newport News, Virginia. The property offers convenient access to Christopher Newport University, Interstate 64, and the area's major employment centers, placing it within an established trade area that serves both residents and the surrounding business community.
The offering consists of an approximately ±2,039 SF freestanding building situated on ±0.34 acres and leased to Americas Greatest Wings, Gyro & Pizza, Inc., a regional restaurant operator with 10 locations throughout Hampton Roads. The site benefits from dedicated parking, excellent frontage along Warwick Boulevard, and an established operating history throughout the market.
This investment opportunity features a long-term absolute net lease with contractual annual rent escalations, two five-year renewal options, and a personal guaranty. The combination of an established regional operator, passive ownership structure, and built-in rental growth provides investors with the potential for stable and predictable cash flow.
The offering consists of an approximately ±2,039 SF freestanding building situated on ±0.34 acres and leased to Americas Greatest Wings, Gyro & Pizza, Inc., a regional restaurant operator with 10 locations throughout Hampton Roads. The site benefits from dedicated parking, excellent frontage along Warwick Boulevard, and an established operating history throughout the market.
This investment opportunity features a long-term absolute net lease with contractual annual rent escalations, two five-year renewal options, and a personal guaranty. The combination of an established regional operator, passive ownership structure, and built-in rental growth provides investors with the potential for stable and predictable cash flow.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
B
Year Built
1970
Price
$550,000
Price Per SF
$275
Cap Rate
7.50%
NOI
$41,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.34 AC
Zoning
0
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
109’ on Warwick Blvd
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 129.00-04-85 | Improvements Assessment | $296,000 |
| Land Assessment | $104,000 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
129.00-04-85
Land Assessment
$104,000
Improvements Assessment
$296,000
Total Assessment
$400,000
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