1557 General Booth Blvd Virginia Beach, VA 23454

This exceptional investment opportunity presents a 1,418 square foot auto shop in Virginia Beach, VA, at 1557 General Booth Blvd, zip code 23454. The property sits on a 0.41-acre lot and boasts a brand new 20-year NNN lease with a strong corporate guarantee from Drive Funding Holdco, LLC (3,500+ units). The lease commenced at closing and features zero landlord responsibilities, ensuring a passive income stream. The annual net operating income (NOI) is $70,000, with attractive annual rent increases of 1.50%, providing inflation protection. Built in 1994 and renovated in 2024, this 100% occupied property offers a compelling 5.75% cap rate at an asking price of $1,217,391. The tenant is Take 5 Oil Change, a well-established business. This is a single-tenant, net lease investment with significant long-term potential. The property's location in Virginia Beach offers excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a secure, long-term lease. The property's strong financials and tenant history make it an ideal addition to any investment portfolio. The absolute triple net (NNN) lease structure further minimizes the investor's operational responsibilities.