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1620 Sentinel Dr
Chesapeake, VA 23320

$7,000,000 USD

Health Club For Sale  •  24,700 SF

Property Details

  • Property Type Health Club
  • Total Building Size 24,700 SF
  • Lot Size 2.55 AC
  • Building Class B
  • Year Built 2018
  • Cap Rate 6.56 %
  • Tenancy Single
  • Zoning B3
41 Transit Score
40 Walk Score

Description 

Top Performing & Largest Planet Fitness Operator with 140+ Locations
Absolute NNN Lease with No Landlord Responsibilities
15 Years + Remaining Term- Plus Options (Valued at $15.1 Million Dollars)
Current Lease Term Expires on November 30, 2039 with two (2), Five (5) year options
2% Annual Bumps
Excellent Visibility from Interstate 64 
Located in strong Power Center (Kroger Marketplace, Dick's House of sport
Hampton Roads MSA
Top Performing Location
6.46 % Cap Rate
NOI $459,000
Excellent Visibility from Interstate 64

Property Flyers

Cap Rate: 6.56 %

Major Tenants

Tenant SF Occupied Lease End Date
Planet Fitness 10/31/2039

Public Transportation

Commuter RailDriveWalkDistance
Norfolk (Northeast Regional - Amtrak) 12 min - 5.8 mi
AirportDriveWalkDistance
Norfolk International 21 min - 10.7 mi
Newport News/Williamsburg International 54 min - 34.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 118
Type: Surface
Included in Rent: Yes
J.C. Wynkoop 757-816-0182 Wynkoop Realty
J.C. Wynkoop 757-816-0182 Wynkoop Realty