Virginia Beach, VA - Tobacco & Vape

Description:

• The tenant has 3+ years remaining on their original 5-year lease
• The lease features 3% annual rental increases, increasing the NOI and hedging against inflation
• The building was remodeled in 2022

• The asset is an outparcel to Kempsville Plaza Shopping Center, anchored by Food Lion
• The Food Lion ranks in the top 67% of all US Grocery stores (13,297 out of 41,538)
• The site is equipped with a double drive-thru, maximixing productivity and efficiency
• Surrounding retailers in the 1-3 mile trade area include Kroger, T.J. Maxx, Dollar Tree, and more
• The asset has excellent visibility and multiple points of ingress/egress