DriveTime | 1.5yr Remaining Corp NNN

7,677 SF | Retail Building | Newport News, VA 23601 | $2,870,000 ($374/SF) | 6.90% Cap Rate

Asking Price $2,870,000

Property Type: Retail
Square Feet: 7,677 SF
Price / Square Foot: $374

Listing Contacts

Britt Raymond

Verified Profile

Kyle Fant

Verified Profile

Property Info

Property Overview

• The tenant has over 1 year remaining on lease with 3 (5-year) option periods left to extend
• The lease features 10% rental increases at the beginning of each option
• The lease is signed by the corporate entity
• Founded in 2002, DriveTime is among the nation’s largest used car dealerships with over 140 dealerships and 15 reconditioning centers

Property Details

Class: C
Year Built: 1973
Stories: 1
Property Subtype: Vehicle Related, Freestanding
Lot Size (sq. ft): 94,525 SF

Highlights

1.5 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
Located Along Jefferson Avenue | Centralized Location | Major Nearby Shopping Centers | Strong Tenant Presence
Direct Residential Consumer Base |Demographics In 5-Mile Trade Area

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$2,870,000

17175 Highway 242, Conroe, TX - 12 AC Land

12 Acres of Industrial Land Offered at $2,870,000 USD in Conroe, TX 77302

17175 Highway 242
Conroe, TX 77302

View Details
$2,870,000

7044 Bennett Valley Rd

60.03 Acres of Agricultural Land Offered at $2,870,000 USD in Santa Rosa, CA 95404

7044 Bennett Valley Rd
Santa Rosa, CA 95404

View Details
$2,870,000

Starbucks

1,550 SF | 4-Star Retail Building | Ripon, CA 95366 | $2,870,000 ($1,852/SF) | 4.79% Cap Rate

338 Main St
Ripon, CA 95366

View Details
$2,870,000

TBD FM 2164

57.4 Acres of Commercial Land Offered at $2,870,000 USD in Sanger, TX 76266

Tbd Fm 2164
Sanger, TX 76266

View Details
$2,870,000

15,846 SF | 100% Leased | Retail Building | Rifle, CO 81650 | $2,870,000 ($181/SF) | 6.83% Cap Rate

710 Wapiti Ave
Rifle, CO 81650

View Details
$2,870,000

100% Occupied Peoria Retail Plaza (8.60% Cap)

23,855 SF | 100% Leased | Retail Building | Peoria, IL 61603 | $2,870,000 ($120/SF) | 8.60% Cap Rate

2004-2010 Knoxville Ave
Peoria, IL 61603

View Details
$2,870,000

DriveTime | 1.5yr Remaining Corp NNN

7,677 SF | Retail Building | Newport News, VA 23601 | $2,870,000 ($374/SF) | 6.90% Cap Rate

11203 Jefferson Ave
Newport News, VA 23601

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].