1620 Sentinel Dr 24,700 SF Retail Building Chesapeake, VA 23320 $7,000,000 ($283.40/SF) 6.56% Cap Rate

Introducing PLANET FITNESS 1620 SENTINEL DR, CHESAPEAKE, VA 23320, a prime investment opportunity in the Chesapeake, VA MSA. This 120,102 SF property features a 24,700 SF structure built in 2017 as an outparcel to the Greenbrier Square Shopping Center. With prominent visibility from N. Battlefield Blvd and I-64 with traffic of 112,000 VPD, this location boasts a strong retail draw including Kroger Marketplace and other national brands. Offered at $7,000,000, the property is secured by a 15-year absolute net lease with Excel Fitness, the largest Planet Fitness operator with 140+ locations and over 1,000,000 members. The lease, guaranteed by Excel Fitness Holdings, includes two 5-year renewal options and offers a net operating income of $459,000 in 2024. Excel Fitness' strong presence and performance make this a top-notch investment with guaranteed returns in a high-traffic, high-visibility location. Don't miss this opportunity to own a piece of a thriving commercial center. Current Lease Term Expires on November 30, 2039 with two (2), Five (5) year options 2% Annual Bumps Excellent Visibility from Interstate 64