1437 Sam's Drive Chesapeake, VA 23320
COMMERCIAL - Chesapeake, VA
Property Features for 1437 Sam's Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 5.79 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Roof type
- Shingle
Listing agent Senel Cuce (757) 805-2286
Listing office Sunrise Real Estate Group 293 Independence Blvd. 225, Virginia beach, VA (757) 805-2286
Listing date Jun 12, 2026
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Investment Insights
Based on property information with market context.
The favorable lease is secured through 2030 at $3,900 per month. The property is located at 1437 Sam's Drive in Chesapeake, VA.
Purchasing options include acquiring the restaurant business alone for $300,000, purchasing the complete mobile expansion assets (a brand-new, fully branded food trailer and a dedicated Ford tow vehicle) for an additional $150,000, or buying the entire package (restaurant + trailer + tow vehicle) for $450,000. Complete financial records (POS data and tax returns) and an equipment inventory list are available upon request with a signed NDA. Seller is relocating; all showings are strictly by appointment only and buyers are asked not to disturb employees or discuss the sale on-site.
Key Highlights
- Mediterranean restaurant business with $700K+ in annual gross sales and strong, consistent cash flow
- Lease in place through 2030 at $3,900/month
- Brick‑and‑mortar restaurant purchase option available for $300,000
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $15.60 |
| − Vacancy | −$1.1k | −$0.70 |
| EGI | $22.3k | $14.90 |
| − OpEx | −$5.6k | −$3.72 |
| NOI | $16.8k | $11.17 |
