Exceptional investment opportunity: a 2,858 square foot Bojangles' restaurant located at 3464 S Military Hwy, Chesapeake, VA 23323, is available for purchase. This absolute NNN net lease property boasts a strong 6.00% cap rate and a substantial remaining lease term of 19 years, expiring November 30, 2043. The property sits on a 1.36-acre lot and includes 35 parking spaces. Built in 2023, the single-tenant building enjoys 100% occupancy with a franchisee tenant. The lease features rent bumps of 3.46% after year one, 3.34% after year two, flat for years three through five, and then 10% increases every five years thereafter. The property benefits from high visibility on S Military Hwy, with a daily traffic count of 18,000 vehicles. Its strategic location near George Washington Commons (a 44,357 square foot retail center anchored by Food Lion), and a significant population density (147,934 residents within a 5-mile radius) ensures consistent customer traffic. The area also features a large industrial presence (5.6 million square feet within a 2-mile radius), further enhancing the property's appeal. Limited competition, with only two other Bojangles within a 20-minute drive, solidifies its market position. Proximity to major institutions like Chesapeake Regional Medical Center, Tidewater Community College, and Deep Creek High School, along with convenient access to Hampton Roads Executive Airport, adds to its desirability. Nearby destination retailers include McDonald's, Wendy's, Dunkin', Subway, Arby's, Hardee's, Wawa, and more. The property generates a Net Operating Income (NOI) of $199,874. The lease includes two, five-year options. This is a turnkey investment with minimal landlord responsibilities.
Highlights
Absolute NNN net lease; no landlord responsibilities.
19-year remaining lease term.
Experienced operator (NAKA OPCO, LLC) with 6+ Virginia locations.
High visibility on S Military Hwy (18,000 VPD).
Proximity to Food Lion-anchored George Washington Commons (44,357 SF).
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.
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].
Contacts
Ransome Foose
Carl Brendes
Visit Broker Website
Learn more
Useful Information
Request information
3464 Military Hwy, Chesapeake, Virginia, 23323
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3464 Military Hwy
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.