New Auto Shop with NNN
For Sale
Contact for pricing
1217 Cedar Road, Chesapeake, VA 23322
Newly built auto shop on a leased parcel with a 20-year triple net lease and scheduled 1.50% annual increases.
Property Size1,830 SF
Lot Size0.81 Acres
Price / SF$1,377
Days on Market50
Property Features for 1217 Cedar Road
General Information
Standard status
Active
Size
1,830 SF
Lot size
0.81 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$145,000
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Jul 27
Changed: Sep 12
Last Checked: Sep 13 at 7:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
Surmount presents an exclusive listing for a Take 5 Oil Change auto shop at 1217 Cedar Road, Chesapeake, VA 23322. The site includes a roughly 1,830 rentable square feet building on an estimated 0.81-acre parcel and is currently set up under a 20-year Triple Net (NNN) lease. The lease will commence upon close of escrow.
The property is scheduled for development with a 2026 year built. As structured, the lease includes scheduled increases of 1.50% annually, providing contractual rent growth over the term.
This offering is positioned for an investor seeking a newer auto service facility operating under a long-duration NNN structure.
The property is scheduled for development with a 2026 year built. As structured, the lease includes scheduled increases of 1.50% annually, providing contractual rent growth over the term.
This offering is positioned for an investor seeking a newer auto service facility operating under a long-duration NNN structure.
Key Highlights
- Roughly 1,830 rentable square feet auto shop building
- Estimated 0.81‑acre parcel
- 20‑year Triple Net (NNN) lease commencing upon close of escrow
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
154k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 27%
Groceries 24%
Apparel 6%
McDonald's
Dining
21,553 visits/mo
0.3 miles
Food Lion Grocery Store
Groceries
19,782 visits/mo
0.2 miles
Starbucks
Dining
18,588 visits/mo
0.4 miles
7-Eleven
Shops & Services
18,366 visits/mo
0.4 miles
Aldi
Groceries
17,386 visits/mo
0.4 miles
Demographics for 23322, VA
66,994
Population
22,386
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
187.8 sq mi
ZIP Area
357
Density / Sq Mi
$133,522
Median Household Income
$55,549
Median Earnings
$1,870
Median Rent
$448,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- NTB-National Tire & Battery — 1117 Cedar Rd, Chesapeake, VA 23322
- Tire Choice Auto Service Centers — 1228 Cedar Rd, Chesapeake, VA 23322
- Great Bridge Muffler & Brake — 1224 Cedar Rd, Chesapeake, VA 23322
- Traynor Automotive — 1280 Cedar Rd, Chesapeake, VA 23322
- Bells Mill Auto Care — 964 Bells Mill Rd, Chesapeake, VA 23322
Frequently Asked Questions
What type of property is this?
Auto shop - Newly built auto shop on a leased parcel with a 20-year triple net lease and scheduled 1.50% annual increases.
Where is this auto shop located?
The property is located at 1217 Cedar Road Chesapeake, VA.
What is the asking price?
The asking price for this property is $2,521,739.
What are key features of this property?
This property features: Roughly 1,830 rentable square feet auto shop building; Estimated 0.81‑acre parcel; 20‑year Triple Net (NNN) lease commencing upon close of escrow
