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1641 Independence Blvd
Virginia Beach, VA 23455
Rally's · Retail Property For Sale
Investment Highlights
- Absolute NNN lease structure, truly passive investment with zero landlord responsibilities
- New Construction: Delivered in 2017, the subject property is Rally’s newest prototype
- Brand New Lease will offer 10% rental increases every 5-Years with Four, Five-Year options to provide investors a strong hedge against inflation
- Upon Close of Escrow, the Tenant will commence a 15 Year Sale-Leaseback; showing long term commitment to the site
- Best in Class Multi-Concept Operators with 60+ Years combined Global Franchising Experience
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
946 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.37 AC
Zoning
B2
Parking
15 Spaces (6.89 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1479-23-3496 | Improvements Assessment | $268,200 |
| Land Assessment | $264,800 | Total Assessment | $533,000 |
Property Taxes
Parcel Number
1479-23-3496
Land Assessment
$264,800
Improvements Assessment
$268,200
Total Assessment
$533,000
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