600 Pavilion Dr., Chesapeake, VA
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Lease Expiration Date:
Approx. 18.5 years
Renewal Options:
Four, 5 years options
Building Sq. Ft.:
7,883 sf
Rent Increases:
7.50% every 5 years
Site Size:
.953 acres

Investment Highlights

  • Term Absolute NNN Lease with over 18.5 years remaining on Base Term
  • Strong corporate guarantee from Internet resistant tenant
  • 7.5% increases every 5 years throughout the base term and each option period
  • High income market of the Norfolk/Virginia Beach, VA MSA | Incomes exceeding $120K
  • Out-parcel to Walmart Supercenter

Listing Agents

Connor Shell

Managing Director

Adam English

Managing Director

Jordan Shtulman

Managing Principal

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