2072 S Independence Blvd Virginia Beach, VA 23453

Listing agency The Kase Group k***@thekasegroup.com Show Phone

Listed by Kase Abusharkh · License #TX 708586

Source Crexi

Added: Apr 11 Updated: Jul 22 at 3:40AM Checked: Jul 22 at 3:40AM

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Investment Insights

Based on property information with market context.

This is the opportunity to purchase a KFC in Virginia Beach, VA under an absolute NNN ground lease. The landlord has zero obligations, and the tenant maintains its parcel under the lease terms. The lease also includes 10% increases in rent every five years, plus two, five-year renewal options.

The property is described as an outparcel to Target and neighbors several retailers, including Home Depot, Wendy’s, Wawa, Walgreens, Chick-fil-a, and Taco Bell, among others.

The asset is presented as a specialty, single-tenant NNN ground-lease investment.

Key Highlights

• KFC opportunity in Virginia Beach, VA on an absolute NNN ground lease
• Landlord has zero obligations; tenant maintains its parcel
• Lease includes 10% rent increases every 5 years

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FAQs

What type of property is this?

NNN property - Absolute NNN ground lease with landlord holding zero obligations and the tenant maintaining the parcel.

Where is this nnn property located?

The property is located at 2072 S Independence Blvd Virginia Beach, VA.

What are key features of this property?

This property features: KFC opportunity in Virginia Beach, VA on an absolute NNN ground lease; Landlord has zero obligations; tenant maintains its parcel; Lease includes 10% rent increases every 5 years