Long Term Absolute NNN Investment | Annual Rent Increases
Retail | 7.50% CAP | 2,039 SqFt
Marketing 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.
Investment highlights
- Freestanding Restaurant Investment
- Regional Operator with 10 Hampton Roads Locations
- Absolute Net Lease Structure
- 37,000 Vehicles Per Day Along Warwick Boulevard
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