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762 J Clyde Morris Blvd
Newport News, VA 23601
Starbucks · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Ultra-Rare Absolute NNN lease, a truly passive investment with zero landlord responsibilities
  • Corporate Guaranty from Starbucks, National Investment Grade Tenant BBB+ (S&P)
  • Recent 5-Year Extension by the tenant which shows long term commitment to the site
  • Subject Property features 4, 5-Year Options with 10% rental increases throughout option periods provide investors hedges against inflation

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
2,086 SF
Building Class
C
Year Built
1973
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.57 AC
Zoning
C1
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
105’ on J Clyde Morris Blvd

AMENITIES

  • Pylon Sign
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
206.00-01-08
Land Assessment
$397,300
Improvements Assessment
$562,400
Total Assessment
$959,700
  • Listing ID: 25306302

  • Date on Market: 3/22/2022

  • Last Updated:

  • Address: 762 J Clyde Morris Blvd, Newport News, VA 23601

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