Great Bridge - Chesapeake, VA Retail For Sale
2 results
Address
Asking Price
Firestone - Chesapeake, VA
600 Pavilion Dr
Great Bridge, Chesapeake, VA
Lot Size:0.18Acres
Sales Price: $3,650,000Cap Rate: 5.08%Guarantor: Investment Grade Credit (A)Term Remaining: 18 yearsRate Increases: 7.5% x 5 years
This will be the fourth net lease investment this client has purchased with help of NLX. Our client was not part of a 1031 exchange but realized the value of deploying idle cash that was earning next-to-no interest in her bank and access to historic low interest rates. As a result of this acquisition, our client benefited by not only accelerating depreciation via a cost segregation study, which sheltered much of her pre-tax cash flow, but also secured a reliable and growing income stream for the next 15+ years without the need for management.
"I am happy with the purchase, but my accountant is even more pleased with the tax savings its created!" - Carolyn
~
1125 Cedar Road
1125 Cedar Rd
Great Bridge, Chesapeake, VA
Lot Size:0.96Acres
Floor Area: 1,008 sqft
$1,709,100
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Market Stats
Great Bridge has 45 commercial real estate spaces for lease, representing 206,562 sqft space. 8 buildings are available for sale.
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