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Pups and Pints 2413 London Bridge Rd 6,580 SF Retail Building Virginia Beach, VA 23456 $3,950,000 ($600.30/SF) 9.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Doggy Day Care and Dog Park.
- Full service bar and restaurant.
- Lots of outside space.
EXECUTIVE SUMMARY
One of kind business opportunity in highly trafficked are of Virginia Beach! Business has several revenue streams from the restaurant and bar, doggy day care, events/catering and subscription based dog park. Outside area feature remote bar, covered atrium, picnic tables, firepits and much more!! Host numerous events supporting cancer, MS, fire department, police department etc. Large community presence with fundraising and supporting for police, fire and military. Seasoned managers in place since opening in 2022. Sale includes the business and land along with all equipment. Land in under separate business but also owned by the owners and both are to be sold together. The CAP rate is calculated from the business valuation as all lines of revenue focus around the business value. NOI is not correct as is includes the land value as well. Increasing revenue year over year. Contact for more details.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
6,580 SF
Building Class
C
Year Built/Renovated
1987/2022
Price
$3,950,000
Price Per SF
$600.30
Cap Rate
9.58%
NOI
$378,250
Business Value
$850,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.40 AC
Zoning
B-2 - Home is located in B-2.
Parking
59 Spaces (8.97 Spaces per 1,000 SF Leased)
Frontage
255’ on London Bridge
AMENITIES
- Fenced Lot
- Restaurant
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
ABOUT 2413 LONDON BRIDGE RD , VIRGINIA BEACH, VA 23456
3.4 acres property with large fenced in area for larger dogs and small areas for smaller dogs. Entire faciality is also fenced. Building has been renovated in 2022. Large outdoor area with large covered atrium. So many uses and potential. Space for pickleballs courts, food trucks, and to host a wide range of events.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2404-89-6739 | Improvements Assessment | $713,200 |
| Land Assessment | $892,300 | Total Assessment | $1,605,500 |
PROPERTY TAXES
Parcel Number
2404-89-6739
Land Assessment
$892,300
Improvements Assessment
$713,200
Total Assessment
$1,605,500
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Pups and Pints | 2413 London Bridge Rd
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