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- LoopNet Team
1415 Cedar Rd
Chesapeake, VA 23322
Rite Aid | Abs NNN | DriveThru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease | Options to Extend
- Signalized, Hard Corner Intersection | Drive-Thru Equipped
- Absolute NNN | Fee Simple Ownership | ZERO Landlord Responsibilities
- Nearby Tidewater Community College | New Retail Development Nearby
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 1415 CEDAR RD , CHESAPEAKE, VA 23322
The subject site is located at the signalized, hard corner intersection of Cedar Road/165 State Highway and Greens Edge Drive. The asset is drive-thru equipped providing ease and convenience to customers. In addition, the site has excellent visibility with significant highway frontage and multiple points of access along both adjacent streets. Rite Aid is uniquely positioned just south of Tidewater Community College - Chesapeake Campus,providing the store with a strong student base from which to draw from. Just across from the school is the recently completed Promenade at Cedar shopping center with over a dozen of new tenants such as Village Inn, Mattress Firm, Subway, GNC, Great Clips, Verizon, and more, further increasing consumer traffic and crossover shopping to the trade area. Other nearby national tenants include a Walmart Supercenter, Farm Fresh, Dollar Tree, AutoZone, and more.
PROPERTY TAXES
| Parcel Number | 0464001000002 | Improvements Assessment | $3,051,800 |
| Land Assessment | $1,698,500 | Total Assessment | $4,750,300 |
PROPERTY TAXES
