Overview

Description

• Opportunity to acquire Chesapeake Square Plaza which is conveniently positioned in a trade area that features Target, The Home Depot, Lidl, Aldi, Food Lion, Walmart Supercenter, BJ’s Wholesale Club and more
• Jersey Mike’s, GNC, and Starbucks all recently extended their lease periods, confirming their success and commitment to the site and surrounding trade area
• Jersey Mike’s, Hair Cuttery, and Starbucks have operated at this location for
9+ years
• Tenants pay for CAM, taxes, insurance and maintains all aspects of the premises
• Landlord responsibilities limited to roof & structure (roof is under warranty until 2029)
• Ideal, low- management investment for a passive investor

• The asset is located at the signalized, hard corner intersection of Chesapeake Square Ring Road and Taylor Road
• Located off Portsmouth Boulevard (30,000 VPD), the primary thoroughfare serving the city of Chesapeake
• Starbucks is equipped with a drive-thru, boosting sales and productivity
• Jolliff Landing, a new development located 1.5 miles West of the subject property, will feature 55 townhomes and condos, 305 upscale apartments, and a four lane highway fronting the property
• More than 147,000 residents and 74,000 employees support the trade area
• $108,790 average household income within a 1-mile radius

---