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217 Carmichael Way
Chesapeake, VA 23322
Asking Price
$3.55M
Cap Rate
5.25%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Zero Landlord Responsibilities | Strategic Location | Corporate Lease <p>• Desirable lease term | New 15-year term</p><p>• Absolute net lease | Zero landlord responsibilities</p><p>• Corporate lease | Panera, LLC | 2,200 locations</p><p>• Drive-thru included | Enhances convenience and sales volume</p><p>• Located off Chesapeake Expressway | 39,000 VPD</p><p>• Strategically located as an outparcel to Target</p><p>• Large parcel | 1.30 acres</p><p>• Located near the #1 ranked Wawa in Virginia | Ranks in the 98th percentile nationwide via Placer.ai</p><p>• Explosive
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NOI
$80,000
Cap Rate
2.25%
DSCR
0.38
Underwater
Cash-on-Cash
-12.27%
Monthly Payment
$17,553.568
Annual Cash Flow
$-130,642.818
