4261 Holland Rd
Virginia Beach, VA 23452
Hardee's Restaurant · Retail Property For Sale

CBRE|Hampton Roads is pleased to announce its exclusive sale representation of 4261 Holland Road, Virginia Beach, VA. The subject property is a single-story, freestanding ±2,640 SF, retail commercial building leased to Boddie-Noel Enterprises located in front of the Timberlake Shopping Center in Virginia Beach, VA. The building is located on .75 Acres of land zoned PDH1 (Commercial) that allows for most retail uses. This building was built in 1983 and is in good physical condition. Boddie-Noell Enterprises Inc., one of the nations leading, privately owned restaurant companies, is headquartered in Rocky Mount, North Carolina. They opened their first Hardee' s restaurant in 1962 and now have 300 restaurants and employs close to 10,000 people. Hardee' s pays an annual rent of $80,000 plus additional rent equal to 7.5% of gross sales. The additional rent for 2016 was $16,552. The tenant is responsible for all expenses. The lease has an expiration date of April 30, 2027, with two (5) year options to extend. 4261 Holland Road, Virginia Beach, Virginia