Planet Fitness NNN
For Sale
Contact for pricing
Pending
1620 Sentinel Dr, Chesapeake, VA 23320
Absolute net lease with renewal options and annual escalations supports long-term occupancy.
Property SizeContact for details
Days on Market142
Property Features for 1620 Sentinel Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Wynkoop Realty Group
Listed By:
JC Wynkoop · License #VA 0225063273
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 6:39PM
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 Wynkoop Realty Group
Investment Insights
Based on property information with market context.
The property includes a 24,700 SF Planet Fitness facility completed in 2017 on a 120,102 SF site. Excel Fitness occupies the building under a 15-year absolute net lease, with Excel Fitness Holdings providing the lease guarantee. The current term runs through November 30, 2039, followed by two 5-year renewal options and 2% annual rent increases.
Positioned as an outparcel to Greenbrier Square Shopping Center, the property benefits from visibility along N. Battlefield Blvd and I-64. The surrounding retail environment includes Kroger Marketplace and other national brands, while reported traffic on I-64 is 112,000 VPD. The address is 1620 Sentinel Dr, Chesapeake, VA 23320.
Positioned as an outparcel to Greenbrier Square Shopping Center, the property benefits from visibility along N. Battlefield Blvd and I-64. The surrounding retail environment includes Kroger Marketplace and other national brands, while reported traffic on I-64 is 112,000 VPD. The address is 1620 Sentinel Dr, Chesapeake, VA 23320.
Key Highlights
- 24,700 SF structure built in 2017
- 120,102 SF property positioned as an outparcel to Greenbrier Square Shopping Center
- 15‑year ABSOLUTE NET LEASE with Excel Fitness
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
379k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 30%
Shops & Services 20%
Home Improvements & Furnishings 10%
Sam's Club
Superstores
114,108 visits/mo
0.5 miles
Chick-fil-A
Dining
48,524 visits/mo
0.5 miles
At Home
Home Improvements & Furnishings
37,748 visits/mo
0.4 miles
Dollar Tree
Shops & Services
33,618 visits/mo
0.4 miles
Bubba's 33
Dining
31,067 visits/mo
0.4 miles
Demographics for 23320, VA
60,412
Population
26,131
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
93%
High-School Grad
31.7 sq mi
ZIP Area
1,906
Density / Sq Mi
$81,736
Median Household Income
$49,403
Median Earnings
$1,654
Median Rent
$323,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute net lease with renewal options and annual escalations supports long-term occupancy.
Where is this nnn property located?
The property is located at 1620 Sentinel Dr Chesapeake, VA.
What are key features of this property?
This property features: 24,700 SF structure built in 2017; 120,102 SF property positioned as an outparcel to Greenbrier Square Shopping Center; 15‑year ABSOLUTE NET LEASE with Excel Fitness
