The Leisure Property Advisors team of Colliers International is pleased to exclusively offer for purchase Whitehouse Cove Marina, a 156 slip marina and popular waterfront restaurant, Surf Rider, located along the Chesapeake Bay within the Hampton Roads MSA. Surf Rider is leased on a long-term basis to an experienced operator. The facility is a simple, passive operation that has been consistently profitable with NOI generated from slip rentals and the restaurant lease.
Whitehouse Cove Marina presents an attractive opportunity for a first-time marina owner interested in acquiring an established marina with several value-add opportunities to increase cash flow.
156-slip marina and popular waterfront restaurant located near Newport News, VA
Simple, passive operation generating $305,000 in NOI from slip rental and restaurant lease
Seasoned restaurant lease with proven operator and personal guarantee
Several opportunities exist for a new owner to increase cash flow
