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3480 S Military Hwy
Chesapeake, VA 23323

$2,480,000 USD

Auto Repair For Sale  •  1,674 SF

Property Details

• Property Type Auto Repair
• Total Building Size 1,674 SF
• Lot Size 2.48 AC
• Building Class B
• Year Built 2023
• Cap Rate 6.25 %
• Tenancy Single
• Zoning B2

22 Transit Score

52 Walk Score

Highlights

Brand New Construction Single-Tenant Strickland Brothers 10-Minute Oil Change: Corporate guaranteed lease

Excellent Grocery Anchored Location: Shadow anchored by Food Lion (Top 2% in the chain, Placer.ai)

Strong Economic Area: Chesapeake is home to more than 249,000 residents, 51 international companies, and 20% of the region’s largest employers

High-Growth Demographics: 106% population growth within 1 mile from 2010 to 2020

Chesapeake became the second-largest city in Virginia in 2020, and it continues to be one of the fastest-growing cities in the region

Chesapeake is included in the Virginia Beach–Norfolk–Newport News, VA-NC MSA: 1.7 million population

Cap Rate:

6.25 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	13 min	-	7.3 mi
Airport	Drive	Walk	Distance
Norfolk International	25 min	-	13.7 mi
Newport News/Williamsburg International	48 min	-	35.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes