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Panera Bread 217 Carmichael Way 2,800 SF Retail Building Chesapeake, VA 23322 $3,548,000 ($1,267.14/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Desirable lease term | New 15-year term
- Drive-thru included | Enhances convenience and sales volume
- Located near the #1 ranked Wawa in Virginia | Ranks in the 98th percentile nationwide via Placer.ai
- Absolute net lease | Zero landlord responsibilities
- Large parcel | 1.30 acres
- Explosive population growth within 1-mile | 191.06% from 2010-2025
EXECUTIVE SUMMARY
Berkeley Capital Advisors are pleased to present for sale Panera Bread in Chesapeake, VA. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
2009/2025
Price
$3,548,000
Price Per SF
$1,267.14
Cap Rate
5.25%
NOI
$186,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.30 AC
Zoning
Commercial
Parking
38 Spaces (12.75 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0730000001773 | Improvements Assessment | $667,100 |
| Land Assessment | $658,100 | Total Assessment | $1,325,200 |
PROPERTY TAXES
Parcel Number
0730000001773
Land Assessment
$658,100
Improvements Assessment
$667,100
Total Assessment
$1,325,200
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Panera Bread | 217 Carmichael Way
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