Absolute Net Lease Investment | Newport News, VA
$550,000
13659 Warwick Blvd, Newport News, VA 23602
2,039 sqft
Building Size
0.3436 acres
Lot Area
Details:
Highlights:
- Freestanding Restaurant Investment
- Regional Operator with 10 Hampton Roads Locations
- Absolute Net Lease Structure
- 37,000 Vehicles Per Day Along Warwick Boulevard
Description:
S.L. Nusbaum Realty Co. is pleased to present for sale 13659 Warwick Boulevard, a single-tenant, freestanding restaurant investment located along the Warwick Boulevard corridor in Newport News, Virginia. The property offers convenient access to Christopher Newport University, Interstate 64, and the area's major employment centers, placing it within an established trade area that serves both residents and the surrounding business community.
The offering consists of an approximately ±2,039 SF freestanding building situated on ±0.34 acres and leased to Americas Greatest Wings, Gyro & Pizza, Inc., a regional restaurant operator with 10 locations throughout Hampton Roads. The site benefits from dedicated parking, excellent frontage along Warwick Boulevard, and an established operating history throughout the market.
This investment opportunity features a long-term absolute net lease with contractual annual rent escalations, two five-year renewal options, and a personal guaranty. The combination of an established regional operator, passive ownership structure, and built-in rental growth provides investors with the potential for stable and predictable cash flow.
Discover the vibrant possibilities surrounding the property in Newport News, VA. Situated in a thriving retail district, the area offers an abundance of nearby attractions, including Patrick Henry Mall, Tech Center Marketplace, and City Center at Oyster Point. Tenants will benefit from the strong consumer traffic drawn to these popular shopping and dining destinations. Just minutes from major highways, the location provides seamless accessibility for customers across the region. With a diverse mix of businesses and a strong sense of community, this prime retail area presents an exceptional opportunity for retail and street retail tenants looking to capitalize on a dynamic and flourishing market.
Documents:
| Title | ||
|---|---|---|
| 13659 Warwick Blvd Marketing Package | ||
| 13659_Warwick_Blvd_Marketing_Package.pdf |
Location
Gallery
