Rally's Restaurant Site, Portsmouth, Virginia

Tibbitt Properties and Divaris Real Estate are pleased
to offer this hands-off, true NNN investment for sale in Portsmouth, Virginia.

Rally's Hamburgers occupies this approximately 828 sq. ft. building on busy George Washington Highway (28,444 ADT) near the Portsmouth-Chesapeake border. Tenant begins a new five-year term on January 1, 2010, paying $65,496 per year on a true NNN lease, and has two options at 10% escalations. Landlord receives percentage rent of 2.5% above $600,000 in annual sales and pays no expenses whatsoever.

LOCATION Click to view map:

About The Investment

The adjacent diagram shows approximate property layout. Please contact Tibbitt Properties or Dave Redmond at Divaris Real Estate for additional details.

• Sales Price: $600,000
• Annual Rent: $65,496
• CAP Rate: 10.92%
• Property Size: .21 acres
• Zoning: C-2
• Building Size: 828 sq. ft.
• Traffic Count: 28,444
  average annual cars per day
• Demographics:

  1-mile
  Population: 11,826
  Households: 4,588
  Avg. HH income: $45,550
  3-mile
  Population: 71,674
  Households: 26,672
  Avg. HH income: $49,190
  5-mile
  Population: 183,833
  Households: 70,167
  Avg. HH income: $56,769

For More Information

Please contact Tibbitt Properties or Dave Redmond at Divaris Real Estate for additional information about this property.

You may also see our Loopnet listing.